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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