According to Jefferies, Visa V coverage is initiated with a Buy Rating.
Jefferies said that it believes V's core position in the payments value-chain remains safe for the foreseeable future. “Our $95 price target is based on a blend of 16x our C12 EPS estimate of $5.98 and our DCF model. Key risks include global consumer spending trends and the regulatory environment.”
Visa closed yesterday at $73.89.
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Posted In: Analyst ColorInitiationAnalyst RatingsData Processing & Outsourced ServicesInformation TechnologyJefferiesVisa Inc.
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