Jefferies Remains Bullish on Visa (V) After Meeting with Management

Jefferies reiterates a Buy rating and $75.00 price target on Visa (NYSE: V) after meeting with management. Analyst Jason Kupferberg see V gradually evolving into a more merchant-oriented, technology-centric enterprise.

Kupferberg commented, "We met with V management yesterday. Our positive thesis remains intact, not just due to ongoing secular tailwinds and a powerful competitive moat, but also because we see V gradually evolving into a more merchant-oriented, technology-centric enterprise, which should enhance long-term shareholder value amid a regulatory environment offering more opportunity than in the past."

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 $68.86 yesterday.

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