Buckingham, Pacific Crest Favor Visa Over Mastercard
Beck feels that:
- New mobile partnerships could help visa differentiate, thereby gaining share
- Potential partnership with Apple makes sense
- Opportunity to replace checks and cash with digital payments has tremendous runway
David Hochstim of Buckingham Research is also in the Visa camp, citing the company's various initiatives to expand its role in digital commerce to help it sustain high rates of revenue and EPS growth. Hochstim goes on to say Visa seems likely to help speed development of new products and services for consumers that generate more transactions for its network.
Shares of Visa closed Monday at $214.32 , up 1.96 percent.
Latest Ratings for V
|Jan 2015||Deutsche Bank||Maintains||Buy|
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.