UPDATE: Wedbush Raises Target on Visa to $90

Wedbush remains Neutral-rated on Visa

and raises its price target up $7 to $90 on raised guidance. Wedbush says, "The company expects net revenue growth in the “low double digits”, up from the “high-single-digit to low double-digit range” guidance given last quarter. Additionally, EPS growth guidance was increased to “high teens” as opposed to “mid- to high-teens”. We believe this is mostly a reflection of less macro impact than previously anticipated." V closed at $108.35 a share yesterday.