Morgan Stanley Maintains Overweight on Visa

Morgan Stanley is out with its report today on Visa V, maintaining Overweight. In its report, Morgan Stanley writes, "Our recent site visit with V's management team reinforced our view that the company remains highly focused on remaining a leading player in the evolving world of emerging payments. As social media, mobile and online all represent new ways that consumers are going to access payments, V is focusing on convenience, content and customer experience by using knowledge of traditional products (along with its scale, reach and brand presence) and migrating it to the emerging world." Morgan Stanley maintains a $105 PT on V. Shares of V closed Tuesday at $83.77, up 4.99% from Monday's close.