UPDATE: Goldman Sachs Downgrades Equifax Due to Limited Upside
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.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.