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Fly News Breaks for January 16, 2020
MA, V
Jan 16, 2020 | 08:10 EDT
Oppenheimer analyst Glenn Greene raised his price target for Visa (V) to $210 from $202 as he sees relatively stable year over year retail sales and large U.S. card issuer volume growth trends, while FX has also been relatively stable quarter over quarter. Despite peak valuations, the analyst continues to believe that MasterCard (MA) and Visa given their strong near- and long-term prospects, and still prefers MasterCard to Visa, albeit marginally, given its superior recent revenue and EPS growth, as well as its more robust three-year outlook. Greene reiterates an Outperform rating on Visa's shares.