11:52 AM EDT, 10/18/2024 (MT Newswires) -- Equifax ( EFX ) delivered Q3 results that were "largely" inline with expectations, Morgan Stanley said in a note Thursday.

The investment bank said the company's adjusted earnings per share of $1.85 and revenue of $1.44 billion topped Morgan Stanley and consensus estimates.

But the adjusted earnings before interest, taxes, depreciation and amortization of $472 million was inline with Morgan Stanley but below consensus, and the adjusted EBITDA margin of 32.7% was slightly lower than Morgan Stanley and consensus, the investment bank said.

The firm said Equifax's ( EFX ) government and talent businesses "were both strong in the quarter."

Morgan Stanley said that after the results, it lifted its price target on Equifax ( EFX ) to $275 from $271 and maintained its equalweight rating.

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