Benzinga | Jan 31, 2022 01:05PM EST

RBC Capital Upgrades Equifax To Outperform, Sees Sharp Upside

* RBC Capital analyst Ashish Sabadra upgraded Equifax Inc. (NYSE:EFX) to Outperform from Sector Perform and raised the price target to $300 (an upside of 25%), from $294.

* The analyst notes that the company's mortgage exposure has now been baked into investor expectations following the stock's relative underperformance compared to peers.

* Related: Baird Upgrades Equifax, Views Current Valuation As 'Attractive'

* The "increasingly positive" consumer lending data from recent bank earnings have also reinforced his confidence, and Equifax's "durable" Verification tailwinds and ID&F expansion bode well for sustainable low double-digit organic growth, mentions Sabadra.

* Also Read: Equifax Reveals International Expansion Of Verification Services

* Price Action: EFX shares traded higher by 2.26% at $239.35 on the last check Monday.