Market Overview

UPDATE: Oppenheimer Raises PT to $170 on Visa Following Meeting with Management

Share:
Related V
The Gender Wage Gap: What It Means, Why It Matters And What's Changing
10 Stocks Analysts Were Most Interested In During The Rio Olympics
Options For Income: Get Paid To Buy Great Dividend Stocks At Prices You Want (Seeking Alpha)

Oppenheimer reiterated its Outperform rating on Visa (NYSE: V) and raised its price target from $150 to $170.

Oppenheimer noted, "We recently marketed with Visa management. Notably, the new CEO has hit the ground running and the transition appears relatively seamless. V attributes much of its strong relative US credit growth to outsized spending by the affluent, and V's strong share of issuer's affluent portfolios. V's mobile strategy appears largely evolutionary and intended to further spur ecommerce, and maintain V's high share as mobile commerce evolves. Encouragingly, the US regulatory and legal climate appears stable."

Visa closed at $147.88 on Wednesday.

Latest Ratings for V

DateFirmActionFromTo
Jul 2016BarclaysMaintainsOverweight
Jun 2016OppenheimerMaintainsOutperform
Jun 2016JP MorganUpgradesNot RatedOverweight

View More Analyst Ratings for V
View the Latest Analyst Ratings

Posted-In: OppenheimerAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (V)

View Comments and Join the Discussion!