UPDATE: Wedbush Color on Visa PT Decrease

Wedbush, which lowered its PT on shares of Visa V, is providing some color on the stock. “We believe Visa will continue to grow on the strength of its international business,” Wedbush writes. “However, we believe that the implementation of the Durbin amendment (now that the Tester Bill has failed) will create a drag on U.S. revenue growth based on some price pressure from large issuers, as well as potential volume deceleration resulting from changes to debit programs.” Visa closed Wednesday at $28.49.