RBC Capital analyst Ashish Sabadra upgraded Equifax (EFX) to Outperform from Sector Perform with an unchanged price target of $300. The firm says a potential mortgage recovery coupled with Fico price increases should drive accelerated revenue growth for Equifax. The penetration of a large total addressable market through record growth and adoption should drive “robust” above-industry verification growth, the analyst tells investors in a research note. Further, RBC anticipates a resurgence in non-mortgage lending activity.
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