TransUnion climbs on Needham's rating upgrade

TransUnion

03/09/2025 14:08

** Credit bureau TransUnion's shares TRU.N rise 1.6% to $87.86 premarket after Needham raises its rating for the stock to "buy" from "hold"

** Brokerage sees a strong second half of the year for the company, led by fintech clients, improving outlook in India mortgage inquiry
** Needham sees TransUnion's large exposure to the robust fintech lending market as a key tailwind, with growth expected to be strong as private credit expands
** An improving outlook for its India business, an 'international crown jewel', and a better mortgage environment are also expected to drive incremental improvements in revenue
** Up to last close, TransUnion's stock is down 6.74% year-to-date

 (Reporting by Tristan Veyet)

 ((tristan.chabba@thomsonreuters.com))