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UBS has raised its price target on TransUnion to $112 from $104 while maintaining a Neutral rating. TransUnion operates globally through three segments: U.S. Markets, which provides consumer reports and analytics; International, offering similar services abroad; and Consumer Interactive, which helps individuals manage finances and protect against identity theft.
Signaturefd LLC now holds 788 shares of TransUnion valued at $83,000 after acquiring 103 additional shares. Huntington National Bank increased its stake by 84.5%, owning 286 shares worth $30,000, while Wealth Enhancement Advisory Services LLC owns 13,597 shares valued at $1,261,000. UBS Group raised its target price for TransUnion from $102 to $104, indicating a potential upside, while the stock has a consensus rating of "Moderate Buy" with an average target of $107.63.
UBS has adjusted its price target on TransUnion to $104 from $102 while maintaining a neutral rating. TransUnion operates globally through three segments: U.S. Markets, International, and Consumer Interactive, providing businesses with consumer reports and insights, and offering consumers tools for financial management and identity protection.
Credit card limits are being reduced due to rising defaults on repayments, which increased from 1.6% in March 2023 to 1.8% by June 2024. This trend is influenced by the growing popularity of Buy Now, Pay Later schemes and easy e-commerce installment plans, particularly among young millennials. As of June 2024, India's outstanding credit card dues reached Rs 2.7 trillion, up from Rs 2 trillion in March 2023.
Super-prime borrowers, those with credit scores above 780, are set to experience significant drops in their credit ratings due to missed student-loan payments, with an average decline of 129 points. This decline will impact their ability to access additional credit, affecting both consumers and lenders.
Millennials are set to lead holiday spending this season, with 63% planning to spend the same or more than last year, driven by optimism and recent wage gains. Despite rising credit card debt, average spending is expected to rise by 8% to $1,778, with buy now, pay later options gaining popularity, though they may lead to overspending and debt cycles.
A staggering 89% of Americans do not consider themselves wealthy, despite many having significant assets. The definition of wealth varies, with most associating it with financial security, homeownership, and the ability to travel, while rising consumer debt and housing costs hinder perceptions of wealth. Many believe a net worth of $1 million or more is necessary to feel wealthy, highlighting a disconnect between actual wealth and self-perception.
FICO and VantageScore are the two primary credit scoring systems, akin to "Coke and Pepsi," with distinct calculation methods. VantageScore, created in 2006, considers factors like balance and available credit, while FICO, established over 25 years ago, emphasizes payment history and amounts owed. To improve credit scores, consistently pay bills on time, maintain low balances, and limit credit applications.
TransUnion operates as a global information and insights company through three segments: U.S. Markets, International, and Consumer Interactive. The U.S. Markets segment provides consumer reports and insights to help businesses engage customers and manage risk, while the International segment offers similar services abroad. The Consumer Interactive segment focuses on personal finance management, offering credit reports, monitoring, and identity protection solutions.
TransUnion, a global information and insights company, operates through three segments: U.S. Markets, International, and Consumer Interactive. The U.S. Markets segment provides businesses with consumer reports and analytics to enhance customer engagement and manage risk, while the International segment offers similar services abroad. The Consumer Interactive segment focuses on helping individuals manage their finances and protect against identity theft through credit reporting, monitoring, and identity protection services.
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ubs raises transunion price target to 112 maintains neutral rating
15:35 14.02.2025
transunion stock sees increased institutional investment and mixed analyst ratings
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ubs raises transunion price target to 104 maintains neutral rating
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