UPDATE: Goldman Sachs Upgrades Equifax to Buy

Goldman Sachs raises its rating Equifax (NYSE: EFX) and raises its price target to $50 from $36 a share as the company's growth is well ahead of expectations.

Goldman Sachs says, "Our upgrade to a Buy reflects: (1) A faster and earlier than expected turn in revenue growth versus our previous view (now 7%-10% vs. prior 5%); (2) High model leverage to information services growth, consumer activity, labor, and lendingwhere recent data points, especially in the US, continue to confirm an improving backdrop; (3) Better-than-expected incremental contribution from new performance initiatives(now adding 4%-5% to annual growth), further diversifying EFX's growth; and (4) Scale dynamics suggest room for sustained annual margin expansion of 25 bp or higher."

EFX closed at $42.41 a share yesterday.