LONDON (ShareCast) - (Sharecast News) - RBC Capital Markets lifted its stance on Experian to 'sector perform' from 'underperform' on Thursday as it transferred coverage, hiking the price target to 4,200p from 2,500p.
The bank said Experian is a leading and diversified credit bureau with a leadership position in consumer services, analytics (Ascend platform), and Brazil, addressing $150bn total addressable market.

"In addition, several strategic growth initiatives, including the Insurance marketplace, Verification, Health, Targeting, and Auto, along with mortgage tailwinds and stable lending trends, should help deliver on the high single digit revenue growth," RBC said.

"Cloud-native technology transformation bodes well for lowering capex and delivering 30-50 basis points annual margin expansion."

At 1410 BST, the shares were up 2.4% at 3,958p.

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