Equifax's Cloud Not A Moat, Analyst Says In Downgrade Slashing Estimates
Bank of America Securities (BofA) on Monday downgraded Equifax, Inc. EFX underwhelmed by the company’s investor day that happened last week.The company has outlined its long-term financial framework, projecting an 8%-12% revenue growth rate, with 7%-10% of that being organic and mergers and acquisitions (M&A) contributing roughly 1%-2%.The company also anticipates cash EPS growth of 12%-16% and an annual shareholder return of 13%-18%.Also Read: Equifax Doubles Down On Growth Plan Despite Mortgage Market Woe ...