Benzinga | Jan 24, 2022 11:24AM EST

Baird Upgrades Equifax, Views Current Valuation As 'Attractive'

* Baird analyst Jeffrey Meuler upgraded Equifax Inc. (NYSE:EFX) to Outperform from Neutral and lowered the price target to $281 (an upside of 25%), from $290.

* The analyst cites the company's "exceptional" employment/income verification business, a "very good business" as one of three global credit bureaus and its modernized tech stack.

* Meuler mentions the cyclical outlook is favorable outside U.S. mortgage refi, while estimates already assume material U.S. refi headwinds. He views the current valuation of shares as "attractive."

* Also Read: Read Morgan Stanley' Stance On Equifax, Nielsen.

* Price Action: EFX shares traded lower by 2.51% at $219.99 on Monday's last check.