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Fly News Breaks for April 18, 2016
MA, V
Apr 18, 2016 | 07:45 EDT
Jefferies analyst Jason Kupferberg raised his price target for Visa (V) to $93 and $88 and said he now prefers to the shares to peer MasterCard (MA). The analyst keeps Buy ratings on both stocks. Visa has a more attractive setup for 2017, Kupferberg tells investors in a research note. He expects the company's P&L growth to accelerate due the Visa Europe acquisition and a full year of benefits from the Costco and USAA portfolios. Kupferberg keeps a $112 price target for shares of MasterCard.
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