UPDATE: Goldman Sachs Raises Equifax's PT
According to a research report published this morning, Goldman Sachs has increased Equifax's (NYSE: EFX) PT from $50 to $51.
In the report, Goldman Sachs said, "Following reported 1Q results we have updated our model to reflect the beat and higher guidance for 2Q 2012. For 2012 our EPS moves to $2.90 on a combination of higher revenue growth of 7.5% yoy (from 6.1% yoy) and a higher operating margin of 29.2% (from 29.0%). Given the higher revenue and profit base in 2012, we raised our 2013 EPS to $3.23. Our 2014 EPS remains unchanged at $3.57."
Goldman Sachs maintains its Buy rating on Equifax, which closed yesterday at $43.97.
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