UPDATE: Guggenheim Raises Visa's PT

According to a research report published this morning, Guggenheim has increased Visa's

PT from $118 to $130. In the report, Guggenheim commented, "Earnings risk from changing debit regulation appears to be easing; however, we expect weak debit volume trends will continue while U.S. credit and restof-world volume growth drive low double digit revenue growth for Visa in 2012. Results were better than anticipated in 2Q12 from stronger service fees and lower expenses, with a greater portion of marketing expense to be incurred in 2HFY12 from marketing spending around the Olympics." Guggenheim maintains its Neutral rating on Visa, which closed yesterday at $122.19.