The analyst believes it is due to acquisition integration and reinvesting monitoring revenue coupled with a healthy level of conservatism which could allow the stock to break out in time. The new PT of $62 is up from $57 on rolling forward the estimates to 2019 and is based on ~14.5x 2019E EV/EBITDA.
Source: Conservative Guidance Puts TransUnion (TRU) In The Penalty Box – Deutsche Bank