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Fly News Breaks for June 10, 2016
V
Jun 10, 2016 | 08:19 EDT
Oppenheimer analyst Glenn Greene raised his price target for Visa to $90 from $85 given his conviction that the company can deliver sustainable mid/high-teens EPS growth, including accretion benefits from the Visa Europe deal, its increasing skew of volume toward faster growing emerging markets, its "strong" global share, and a likely gradual lift of legislative and merchant litigation overhangs. The analyst expects the Visa Europe acquisition to be announced no later than June 30. Oppenheimer has an Outperform rating on the shares.
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