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V

Visa

$195.95

0.78 (0.40%)

07:41
01/15/20
01/15
07:41
01/15/20
07:41

Visa price target lowered to $232 from $239 at BMO Capital

BMO Capital analyst James Fotheringham lowered his price target on Visa to $232 after its announcement to acquire Plaid, also lowering his FY20 EPS view by 3c to reflect the deal's dilution. While the transaction looks like a "wash" at first glance with higher topline growth offset by three years of earnings dilution, it makes sense in the longer term given its negligible leverage impact and helping to dispel concerns of Visa falling behind in fintech, Fotheringham writes in his research note. The analyst still keeps his Outperform rating on the stock.

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V Visa
$195.95

0.78 (0.40%)

01/14/20
FBCO
01/14/20
NO CHANGE
Target $224
FBCO
Outperform
Visa's Plaid deal biggest purpose 'to woo fintechs,' says Credit Suisse
Credit Suisse analyst Moshe Orenbuch notes that Visa (V) announced it has signed an agreement to acquire Plaid, which partners extensively with fintechs. As such, the analyst views the acquisition of Plaid as "definitely a great selling point" Visa could use to make further progresses in winning more fintech partners, particularly if Visa could bundle Plaid services with its existing product suite. This would also solidify Visa's position in next-generation ecosystem by acquiring a top open-banking enabler in the U.S. that has already launched in Europe, he adds. Orenbuch believes this is Visa's "biggest deal yet in going after fintechs" after initially losing out to MasterCard (MA) in the period right after the acquisition of Visa Europe, when Visa was more focused in migrating Visa Europe to VisaNet. The analyst has an Outperform rating and $224 price target on Visa's shares.
01/14/20
WEDB
01/14/20
NO CHANGE
Target $215
WEDB
Outperform
Visa price target raised to $215 from $195 at Wedbush
Wedbush analyst Moshe Katri raised his price target for Visa to $215 from $195 post another value-added enhancing transaction, as the company continues to gradually expand its non-traditional, non-transaction dominating revenue base. Post record M&A activity throughout 2019, the analyst believes this transaction further reduces Visa's exclusive dependence in ongoing economic activity. He has an Outperform rating on the shares.
01/14/20
MSCO
01/14/20
NO CHANGE
Target $220
MSCO
Overweight
Visa deal may help narrow 'tech discount' to MasterCard, says Morgan Stanley
Morgan Stanley analyst James Faucette said he believes Visa's (V) $5.3B deal for infrastructure technology provider Plaid, which provides fintech companies such as Venmo, Robinhood,and Credit Karma with tools to connect to their customers' financial accounts, may help Visa narrow its valuation gap with MasterCard (MA). He thinks there is a perception of MasterCard "being more front-footed on tech issues," although he does not believe that is actually the case, and he thinks this deal, along with the recent acquisitions of Earthport and Rambus, should help to improve investor perception, Faucette tells investors. He maintains an Overweight rating and $220 price target on Visa shares.
01/14/20
RAJA
01/14/20
NO CHANGE
RAJA
Strong Buy
Envestnet should weigh Yodlee sale after Plaid buyout, says Raymond James
Visa's (V) acquisition of data aggregation provider Plaid raises the question of whether Envestnet (ENV) might be best served selling its similar Yodlee business, Raymond James analyst Patrick O'Shaughnessy writes in a note to investors. The analyst wonders if a "large financial institution with deep pockets" might be willing to pay a healthy valuation for the business. Selling Yodlee is an option Envestnet's board should be considering, says the analyst, who believes Evestnet's current $3.9B market capitalization "in no way" reflects a potential sale of Yodlee at Plaid's valuation. Based on published media reports, the analyst believes Plaid generated around $150M in revenue in 2019, below his estimate of estimate of $190M for Envestnet's Yodlee. O'Shaughnessy keeps a Strong Buy rating on shares of Envestnet, which are up 32c to $74.29 in morning trading.

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BGS

B&G Foods

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CVGW

Calavo Growers

$80.49

0.23 (0.29%)

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LW

Lamb Weston

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FLO

Flowers Foods

$21.75

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K

Kellogg

$70.25

-0.32 (-0.45%)

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GIS

General Mills

$53.97

-0.37 (-0.68%)

, WMT

Walmart

$116.10

0.53 (0.46%)

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WMT

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K

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JJSF

J & J Snack Foods

$183.94

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THS

TreeHouse

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-0.085 (-0.18%)

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HBM

Hudbay Minerals

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TRQ

Turquoise Hill

$0.68

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  • 22

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STLD

Steel Dynamics

$32.02

0.11 (0.34%)

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  • 23

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STLD

Steel Dynamics

$32.02

0.11 (0.34%)

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  • 23

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SQ

Square

$68.74

0.42 (0.61%)

, BITCOIN

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SQ

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NVCR

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KHC

Kraft Heinz

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SQ

Square

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QCRH

QCR Holdings

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CPB

Campbell Soup

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