Market Overview

UPDATE: Stifel Nicolaus Raises PT to $156 on Visa on Solid Q4

Related V
Stocks Hitting 52-Week Highs
What Fantasy Football And Your Trading Account Have In Common
Top Facebook, Goldman Sachs Execs Lead Insider Deals (Investor's Business Daily)

Stifel Nicolaus reiterated its Buy rating on Visa (NYSE: V) and increased its price target from $150 to $156.

Stifel Nicolaus said, "In our view, Visa delivered better-than-expected core 4Q results thanks to lower rebates and expenses. Although these can typically be lumpy, top line trends proved resilient as spending remained solid and Durbin mitigation efforts appear to be paying off. With initial 2013 guidance better than expected and a key near-term catalyst in litigation settlement, we reiterate our Buy rating and increase our target price to $156 which is still based on 20x calendar 2013E EPS."

Coherent closed at $138.76 on Wednesday.

Latest Ratings for V

Nov 2015Pacific CrestMaintainsOverweight
Nov 2015Piper JaffrayMaintainsOverweight
Nov 2015SusquehannaMaintainsPositive

View More Analyst Ratings for V
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Price Target Intraday Update Analyst Ratings


Related Articles (V)

View Comments and Join the Discussion!

Get Benzinga's Newsletters