Jefferies Has Buy On Visa

Jefferies & Co. is out with a research report on Visa V and it has a Buy rating and a $102 price target on shares. In a note to clients, Jefferies & Co. writes, "We continue to believe that V is well positioned to play an integral role in the payments value chain, both in terms of traditional and potential alternative channels. We further believe that Durbin Amendment impacts will prove manageable, and V's F12 guidance looks achievable under virtually any macro scenario." Shares of V closed at $86.38 yesterday.