Visa (V) Shares Modestly Lower as BofA Cuts to Underperform

Shares of Visa (NYSE: V) are falling modestly this morning as we are hearing that an analyst at BofA/Merrill Lynch downgraded the stock from Neutral to the dreaded Underperform earlier. Slapping on the equivalent of a sell rating, the BofA analyst believes that recent issues with the new debit regulations will weigh on the stock, also adding that structural concerns are beginning to grow.

With about a half-hour left in this morning's pre-market session, Visa shares are down 0.7% to $71 even.

Track all the analyst action on shares of Visa with our Analyst Ratings page.

---

Discover Wall Street's best ratings calls with the pros - Upgrade to Ratings Insider Elite. Free Trial!

You May Also Be Interested In

• UPDATE: UBS Downgrades Wisconsin Energy (WEC) to Neutral; Taking Some Off The Table
• UPDATE: Williams Financial Group Upgrades Semtech Corp. (SMTC) to Buy; Check Again...Quarter Was Fairly Strong
• BMO Capital Downgrades Human Genome Sciences (HGSI) to Market Perform

Create E-mail Alert Related Categories

Downgrades

Related Entities

Merrill Lynch, Bank of America

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?

Follow StreetInsider.com On Twitter