Visa (V): Rating And PT Remain After Surprise CEO Change - Nomura
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Nomura Securities analyst, Bill Carcache reiterated his Buy rating on shares of Visa (NYSE: V) after the company announced that CEO, Charlie Scharf, will resign effective December 1, for personal reasons. He will be replaced by board member, Alfred F. Kelly, Jr.. Beginning December 1, Mr. Scharf will serve as an advisor to Mr. Kelly for a period of several months.
No change to the price target of $91.00
Shares of Visa closed at $82.15 yesterday.
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