UPDATE: Deutsche Bank Raises PT on Visa Following CEO Meeting

In a report published Tuesday, Deutsche Bank analyst Bryan Keane reiterated a Buy rating on Visa

, and raised the price target from $177.00 to $196.00. In the report, Keane noted, “Visa believes it has the best assets of the networks (huge competitive advantage) and wants to open up to issuers and merchants in order to generate additional revenue streams. The more customization around the network, the more valuable V's network becomes (not commoditizing the network). V wants to embrace technological changes and enhance the network with value added services like data analytics, loyalty and marketing. With the momentum on V's side, we are reiterating our Buy rating.” Visa closed on Monday at $178.93.