Barclays Reiteratess an 'Overweight' on Visa (V); Getting Greater Share of PIN Debit Volumes
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Price: $180.45 +1.32%
Rating Summary:
9 Buy, 9 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
9 Buy, 9 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade V Now!
Barclays reiteratess an 'Overweight' on Visa (NYSE: V) price target of $133.00.
Analyst, Darrin D. Peller, said, "Over the past few years regulatory intervention has occurred at an elevated rate, having a profound impact on the financial services industry, including the U.S. payments market...While we note that the dust is far from settled, especially with the ongoing DoJ investigation of V's strategy, we think the scale possessed by Visa (NYSE: V) and MasterCard (NYSE: MA) should enable them to price more effectively than the smaller networks, and in turn, drive a greater share of the routing of PIN debit volumes from merchants."
All in, Peller sees Visa shares are a safe haven, citing no direct European spending exposure or euro currency.
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 $112.25 yesterday, with a 52 week range of $73.11-$125.35.
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Analyst, Darrin D. Peller, said, "Over the past few years regulatory intervention has occurred at an elevated rate, having a profound impact on the financial services industry, including the U.S. payments market...While we note that the dust is far from settled, especially with the ongoing DoJ investigation of V's strategy, we think the scale possessed by Visa (NYSE: V) and MasterCard (NYSE: MA) should enable them to price more effectively than the smaller networks, and in turn, drive a greater share of the routing of PIN debit volumes from merchants."
All in, Peller sees Visa shares are a safe haven, citing no direct European spending exposure or euro currency.
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 $112.25 yesterday, with a 52 week range of $73.11-$125.35.
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