Oppenheimer Reiterates Outperform on Visa

Oppenheimer is out with its report on Visa V reiterating its Overweight rating and $100 price target on V. In a note to clients, Oppenheimer writes, "Following our recent investor meetings with management, we remain confident that Visa will navigate the evolving regulatory environment and is positioned for strong and sustainable long-term earnings growth. V appears to have very limited clarity regarding the upcoming Fed disclosures on 12/16/10 but remains confident it can effectively manage any scenario." V closed yesterday at $80.64.