Shares of Visa Inc V moved down more than after the analyst Rod Bourgeois at Sanford Bernstein downgraded the company from “outperform” to “market perform.”
V's shares lost 4.22% to 65.22 at 3:15 pm. Bourgeois has also lowered his price target for the company by $16 to $77.
Shares of Visa lost 7.37% over the past month and moved down 21.78% so far this year.
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