Information Provided By:
Fly News Breaks for July 11, 2019
V
Jul 11, 2019 | 07:04 EDT
Deutsche Bank analyst Bryan Keane raised his price target for Visa to $225 from $177 and reiterates a Buy rating on the shares. Although the payment networks have a long runway to benefit from the secular growth of card-based transactions, the expanding market share opportunity into new account-to-account payment flows and non-interchange based revenue models are being underappreciated, Keane tells investors in a research note.