BofA upgrades Equifax on strong outlook for employment verification

BofA Global Research upgrades credit ratings firm Equifax EFX.N to "buy" from "neutral"

"We see a clear path to multi-year acceleration in Workforce Solutions, supported by regulatory catalysts and expanding The Work Number (TWN) coverage," brokerage says

Workforce Solutions is EFX's employment‑verification unit

With verifier growth re-accelerating, government volumes inflecting and cloud product velocity improving, we believe the Street underappreciates EFX’s earnings power - BofA

Verifier growth refers to more banks, lenders and other clients using EFX's TWN service to check employment and income

16 of 25 analysts rate stock "strong buy" or "buy" and 9 "hold"; their median PT is $240 - data compiled by LSEG

Including session's move, EFX down 22% over the past 12 months