BancBoston Robertson Stephens Initiates Coverage of EFX With a Buy Rating
SAN FRANCISCO, May 19 /PRNewswire/ -- The following is being issued by BancBoston Robertson Stephens, a member of the National Association of Securities Dealers, CRD number 41271:
BancBoston Robertson Stephens senior information and business services analyst Andrew W. Jeffrey today initiated coverage of Equifax Inc. (NYSE: EFX - news) with a Buy rating. Equifax, headquartered in Atlanta, Ga., is a leading global provider of information management, transaction processing and knowledge-based services to facilitate consumer and business-initiated financial transactions.
''We are initiating coverage on Equifax with a Buy rating and a 12-month price target of $49,'' said Jeffrey. ''Although execution and control issues remain risk factors, we contend that the company's evolving business model, emerging eCommerce initiatives, market-leading information services orientation and continued high returns suggest more upside potential than downside risk for long-term investors.''
Clients interested in receiving more information should contact their salesperson at 415-781-9700.
BancBoston Robertson Stephens is a leading international investment banking firm focused on growth companies. The firm's 55 equity and high yield research analysts cover more than 600 companies. Additional information is available upon request.
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