BUZZ-BofA upgrades Equifax on strong outlook for employment verification

Bank of America Corp +0.22%
Equifax Inc. +1.52%

Bank of America Corp

BAC

49.38

+0.22%

Equifax Inc.

EFX

182.39

+1.52%

** 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


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