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BUZZ-BofA upgrades Equifax on strong outlook for employment verification

Reuters
21 hours ago
BUZZ-BofA upgrades Equifax on strong outlook for employment verification

** BofA Global Research upgrades credit ratings firm Equifax EFX.N to "buy" from "neutral"

** "We see a clear path to multi-year acceleration in Workforce Solutions, supported by regulatory catalysts and expanding The Work Number $(TWN)$ coverage," brokerage says

** Workforce Solutions is EFX's employment‑verification unit

** With verifier growth re-accelerating, government volumes inflecting and cloud product velocity improving, we believe the Street underappreciates EFX’s earnings power - BofA

** Verifier growth refers to more banks, lenders and other clients using EFX's TWN service to check employment and income

** 16 of 25 analysts rate stock "strong buy" or "buy" and 9 "hold"; their median PT is $240 - data compiled by LSEG

** Including session's move, EFX down 22% over the past 12 months

(Reporting by Pragyan Kalita in Bengaluru)

((Pragyan.Kalita@thomsonreuters.com;))

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