Market Overview

UPDATE: Goldman Sachs Downgrades Equifax Due to Limited Upside

Related EFX
Equifax Beats on Q2 Earnings Estimates; FY14 Outlook Modest
#PreMarket Primer: Tuesday, May 27: Hope Rises In Ukraine Despite Increased Fighting

In a report published on Monday, Goldman Sachs analyst Julio C. Quinteros Jr. downgraded Equifax (NYSE: EFX) from Buy to Neutral and maintained a $65 price target.

In the report, Goldman Sachs stated that, "We now see limited upside to our price target. Our Buy rating on EFX was predicated on improved credit and mortgage activity, margin expansion potential, and capital. We believe these factors are now largely appreciated and as a result we see limited upside to our price target. We make no change to our estimates and retain our 12-month price target of $65. Since we added EFX to the America's Buy list on February 10, 2012 EFX is up 48% vs. the S&P500 up 24%."

Equifax closed Friday at $62.88.

Posted-In: Goldman Sachs Julio C. Quinteros JrAnalyst Color Downgrades Analyst Ratings

 

Most Popular

Related Articles (EFX)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters