Equifax price target raised to $305 from $295 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Equifax (EFX) to $305 from $295 and keeps an Overweight rating on the shares ahead of the company holding its first investor day since November 2021 on Tuesday, June 17. The firm, which expects Equifax to update its long-term financial targets, sees “bogeys” for the long-term targets as 8%-10% revenue growth, 50 basis points of margin expansion, and 13%-17% EPS growth, the analyst tells investors in a preview. Updated financial targets, government, mortgage, and international will be “center stage” at the event, the analyst added.