UBS Starts TransUnion (TRU) at Neutral

UBS analyst Kevin McVeigh initiates coverage on TransUnion (NYSE: TRU) with a Neutral rating and a price target of $110.00.

The analyst comments: "Neutral: despite higher-growth geographies, new product innovation, and counter-cyclical collections verticals given less mortgage leverage, more episodic breach-related revenue boost, hybrid public-private tech stack possibly slowing the pace of innovation, and less capital return optionality as it tracks to <3.0x target from 3.3x. We believe this is reflected and multiple expansion could be limited."

For an analyst ratings summary and ratings history on TransUnion click here. For more ratings news on TransUnion click here.

Shares of TransUnion closed at $104.70 yesterday.

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