Experian: Credit Suisse raises target price

(CercleFinance.com) - Credit Suisse has raised its target price for the share of consumer credit reporting company Experian to 2660p (from 2200p), while confirming its Neutral rating, saying, "Our rating remains Neutral given elevated valuation relative to other quality growth stocks.
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"Our EPS forecasts fall 11% for FY21E and 5% in FY22E and FY23E," the broker says.

Credit Suisse points out that organic growth accelerated to 10% in Q4 (from 7% in Q3), with particular strength in North and Latin America. " growth slowed to -5% in April 2020 with continued growth in its US B2C operation. We expect growth to slow further through the quarter".

"Into FY22, we forecast 8% organic growth," Credit Suisse adds.


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