Equifax: A Potential Beneficiary Of Interest Rate Cut

alexandre17/iStock via Getty Images I upgraded Equifax (NYSE:EFX) from "Buy' to 'Strong Buy' in my previous coverage published in April 2024, anticipating a modernization of the mortgage business, as well as strong growth momentum in the non-mortgage business. The company delivered 8% organic revenue growth with a 13% growth in non-mortegege businesses in Q2 FY24. It is impressive for the company to deliver 4% growth in US mortgage revenue despite a 13% decline in mortgage credit inquiries. I anticipate the ...