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TransUnion’s 2024 Guidance Has Upside, Says Bullish Analyst: ‘P&C Insurers Are Spending More’

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TransUnion (NYSE:TRU) in May reported its first-quarter earnings ahead of expectations.

The Chicago-based company is poised to benefit from continued stability in consumer lending and room for upside in emerging verticals, according to Bank of America Securities.

The TransUnion Analyst: Heather Balsky upgraded the rating for TransUnion from Neutral to Buy, with a price target of $92.

The TransUnion Thesis: With insurance leading the way, strength in emerging verticals is likely to drive earnings upside for the company, Balsky said in the upgrade …

Full story available on Benzinga.com

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