In a report published Monday, Jefferies analyst Jason Kupferberg reiterated a Buy rating on Visa V, and raised the price target from $162.00 to $196.00.
In the report, Kupferberg noted, “Visa is well positioned to benefit from the global secular shift from paper-based to electronic transactions. V aggressively reinvests in new growth initiatives (mobile, P2P, prepaid, e-commerce), turning potential competitive threats into opportunities. Early payments maturity cycle in key global markets provides V with a solid foundation for growth.”
Visa closed on Thursday at $168.66.
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