UPDATE: Baird Equity Research Reiterates Neutral Rating, Raises PT on Visa Ahead of FQ4 Results

In a report published Monday, Baird Equity Research analyst David J. Koning reiterated a Neutral rating on Visa V, and raised the price target from $200.00 to $220.00. In the report, Baird Equity Research noted, “We expect FQ4 results to be modestly above consensus due to better-than-expected core trends. We like the long-term opportunity, given the secular shift to cards and strong business model, and are looking for a pullback (<$190) to get more constructive.” Visa closed on Friday at $203.06.