BMO Capital initiated coverage of TransUnion (TRU) with an Outperform rating and $115 price target The firm also calls the stock its top pick amongst its Information Services coverage. Despite higher interest rates impacting lending volumes, TransUnion is gradually returning to a more normalized environment, with the firm’s out-year estimates exceeding consensus, the analyst tells investors in a research note. Shares of TransUnion are also undervalued, trading at a 4-times turn discount to the Credit Bureau median on enterprise value to expected EBITDA basis, BMO added.
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