** Credit ratings firm Equifax EFX.N reported worse-than-expected quarterly revenue on Thursday, on a weaker hiring market and slower-than-expected mortgage growth
** Shares fell over 8.4% on Thursday
** At least six brokerages cut PT on stock after results
MACRO STRUGGLES CONTINUE
** J.P. Morgan ("overweight", cuts PT to $277 from $283) says they are reducing 2026 estimates on uncertainty around the timing of a recovery in both the mortgage market as well as gross hiring activity
** "A range of macro factors including interest rates or economic hiccups could impact consumer spending trends and lead to reduced demand for Equifax's credit data," brokerage says
** Oppenheimer ("outperform", cuts PT to $279 from $286) says regulatory changes by the Federal Housing Finance Agency could hold adverse implications for EFX and reduce demand for its services
** Stifel ("buy", cuts PT to $281 from $284) says the current environment could result in lower high-margin revenue
** Needham ("buy", cuts PT to $300 from $325) says co's challenges are consistent with the macro data as mortgage rates remain well above historical levels and white-collar hiring activity continues to be sluggish
(Reporting by Ateev Bhandari in Bengaluru)
((Ateev.Bhandari@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.