Barclays Reiteratess an 'Overweight' on Visa (V); Getting Greater Share of PIN Debit Volumes
Tweet Send to a FriendGet Alerts V Hot Sheet
Price: $182.63 -0.75%
Rating Summary:
10 Buy, 9 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Rating Summary:
10 Buy, 9 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
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.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Morgan Stanley Maintains Bullish Stance on Walter Energy (WLT)
- UPDATE: Raymond James Downgrades Gevo, Inc. (GEVO) to Market Perform
- UPDATE: Howard Weil Upgrades LINN Energy (LINE) to Outperform
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Barclays
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
