Barclays Reiterates an 'Overweight' on Visa (V); Positive Results Prove Ability for Sustained Growth

Barclays reiterates an 'Overweight' on Visa (NYSE: V) price target raised $5 to $125.

Analyst, Darrin D. Peller, said, "Visa delivered strong F1Q12 results, demonstrating the strength and resilience of V's business model and its ability to grow in a challenging economy. Overall, volume growth continued to show momentum in credit, cross-border and signature debit, with a mild slowdown in the growth rate of transactions processed associated with slower growth in PIN debit transactions."

Barclays raises FY12 EPS estimates from $5.90 to $6.00 and FY13 from $6.79 to $7.10.

For an analyst ratings summary and ratings history on Visa click here. For more ratings news on Visa click here.

Shares of Visa closed at $108.35 yesterday, with a 52 week range of $70.68-$108.64.

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