Deutsche Bank Retains Visa $99 PT, Buy Rating (V)

Deutsche Bank kept its Visa V Buy rating and retained its $99 price target in a research report published today. In the report, Deutsche Bank states, "After-hrs trading in V indicated $0.02 beat vs. Street is unlikely to turn mkt's focus away from regs for now. We keep Buy as we believe in sustainability of strong fundamentals and expect any regs-related news to be positive from here. Mkt's perception about former could change in May if V comments on FY12 growth prospects but stock could rally sooner, if Fed's next draft is perceived to be better than last. V expressed forceful opinion on debit rules, expects active participation in 2/17 hearing, and is pushing for delay so unintended effects can be assessed." Shares of Visa were at $71.20 in after hours trading at the time of posting, down 1.23% from Wednesday's market close.