Experian: Morgan Stanley upgrades share
(CercleFinance.com) - Morgan Stanley has upgraded its rating on the Experian share from "weight in line" to "overweight," while raising its target price from 2360 pence to 2950 pence, highlighting a change in regulations in Brazil which should benefit the information processing specialist.
"We see $1.2bn incremental revenue in Brazil from regulation change to collect "Positive Data". This challenges our previous conservative view on Experian's valuation," the broker says.
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"We see $1.2bn incremental revenue in Brazil from regulation change to collect "Positive Data". This challenges our previous conservative view on Experian's valuation," the broker says.
Copyright (c) 2020 CercleFinance.com. All rights reserved.