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barclays downgrades equifax stock rating and lowers price target to 260
Barclays has downgraded Equifax's stock rating from Overweight to Equal Weight, reducing the price target from $325 to $260 due to market risks and high valuation levels, with the stock trading at a P/E ratio of 47.92x. Despite a year-to-date decline of 8.9%, Equifax reported Q4 2024 earnings that slightly exceeded EPS expectations but missed revenue forecasts, prompting a 50% dividend increase and potential share buybacks. RBC Capital Markets upgraded Equifax to Outperform with a target price of $300, citing expected revenue growth from mortgage recovery and strategic advancements in cloud migration.
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