Oppenheimer analyst Owen Lau lowered the firm’s price target on Equifax (EFX) to $279 from $296 and keeps an Outperform rating on the shares. The firm notes the company reported a strong second quarter with strong revenue from Verification and Online Information Services for both mortgage and non-mortgage. Despite the beat, management only raised FY25 reported revenue and adjusted EPS guidance midpoint by $35M and 3c, respectively, due to FX. Oppenheimer believes the outlook appears to be challenging because of headwinds to Government vertical, weak hiring environment, and increased litigation and non-recurring severance costs.
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