UPDATE: Wedbush Raises PT on Visa to $80

Wedbush is out with its report today on Visa V, raising its PT from $73 to $80. In a note to clients, Wedbush writes, "Increasing price target to $80 from $73 and maintain NEUTRAL rating. Our target represents a 14x multiple on our EPS estimate, a 5% discount to our longterm growth estimate based on risk from the implementation of Durbin." At the time of posting, shares of V were trading pre-market at $86.10, down 0.54% from Wednesday's close.