TransUnion stock target cut, holds Buy rating on performance review By Investing.com
On Wednesday, Jefferies maintained a Buy rating on TransUnion (NYSE:) shares but lowered the stock’s price target from $125.00 to $115.00. Currently trading at $89.86, the stock shows significant potential according to InvestingPro analysis, which indicates the company is slightly undervalued.
The adjustment follows a review of the company’s expected performance for the fourth quarter and the impact of foreign exchange headwinds on revenue. Despite these factors, analysts at Jefferies anticipate TransUnion’s results to align with the higher end of the fourth-quarter guidance previously provided by the company’s management.
The revised revenue estimate for the third quarter stands at $1,029 million, a $4 million decrease from previous…
