On Wednesday, Experian Plc . (LON:EXPN:LN) (OTC: EXPGY (OTC:EXPGY)), a global information services company, maintained a positive outlook from Morgan Stanley (NYSE:MS) with an Overweight rating and a price target of GBP35.00.
Following a virtual discussion with Experian (OTC:EXPGF)'s CFO Lloyd Pitchford, the financial firm recognized the strength of Experian's portfolio and its potential for growth despite a subdued credit environment.
The conversation with Pitchford highlighted Experian's ability to progress and expand, particularly through scaling up its Consumer, Ascend, and Brazil segments. This strategy is anticipated to drive the group's organic growth into a sustainable double-digit range over time.
The company's focus on developing new products is aligning with an expected recovery in volumes, suggesting a prosperous period ahead for Experian.
Morgan Stanley's outlook also considers Experian's strategic capital deployment. The company plans to pursue accretive acquisitions that could further enhance its market position. These moves are expected to contribute positively to Experian's financial performance.
Experian's management team expressed confidence in the company's future. The growth strategies in place are designed to leverage opportunities within faster-growing segments of the market, which could lead to significant organic growth for the group.
The financial firm's reiteration of Experian's Overweight rating and GBP35.00 stock price target reflects an optimistic view of the company's potential to thrive in the coming years. The emphasis on scaling up new products and the expected volume recovery are key factors in this positive assessment.
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