Jefferies Upgrades Equifax to Buy, Raises Price Target to $315
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Surinder Thind has upgraded Equifax (NYSE:EFX) from Hold to Buy and increased the price target from $200 to $315, indicating a positive outlook on the company's stock.

December 18, 2023 | 10:55 am
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POSITIVE IMPACT
Equifax has been upgraded by Jefferies from Hold to Buy with a significant raise in price target from $200 to $315, suggesting strong confidence in the company's future performance.
Upgrades by analysts, especially with a substantial increase in price target, often lead to a positive short-term reaction in the stock price as it reflects increased confidence in the company's prospects and financial health. The upgrade from Hold to Buy suggests that Jefferies sees undervalued potential in Equifax's stock, which could encourage investors to re-evaluate the company and potentially lead to an increase in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100