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Fly News Breaks for March 25, 2019
Mar 25, 2019 | 08:32 EDT
Jefferies analyst Michael Del Grosso raised his price target for Visa (V) to $175 from $170 after hosting investor meetings at the company's headquarters. Visa's "innovative capabilities" are underappreciated relative to MasterCard (MA) and its upcoming product roll-outs "may help close this perception gap," Del Grosso tells investors in a research note. He believes Visa's core growth story is intact and that new product capabilities "enhance the volume opportunity for the foreseeable future." The analyst reiterates a Buy rating on the shares.
News For V;MA From the Last 2 Days
Apr 23, 2019 | 08:10 EDT
Morgan Stanley analyst James Faucette said his data tracker suggests slightly weaker consumer spending this quarter, particularly in international markets, indicating some deceleration in payment trends in the March quarter for Visa (V) and MasterCard (MA). However, he believes this "noise" is already reflected in Street estimates and he believes the benefits the companies are seeing from improving computing power, greater scale, secular growth drivers and "relatively resilient" consumer spending trends should persist. Ahead of the card processors' earnings reports, Faucette raised his price target on Visa to $173 from $165 and on MasterCard to $259 from $250 and he keeps Overweight ratings on both stocks.