Buckingham Research Initiates Coverage on Visa (V) with an Accumulate
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Buckingham Research initiates coverage on Visa (NYSE: V) with an Accumulate rating. Price target $90.
Buckingham analyst says, "Despite the roughly 65% rise in V shares since the company’s March IPO, we anticipate additional appreciation reflecting the company’s position as a critical enabler of growth in electronic payments. Slower economic growth is unlikely to significantly affect credit and debit card transaction volumes which are the principal drivers of the company’s revenues and earnings. As the continued shift from cash and checks to electronic payments around the world continues, increases in transactions should offset slower growth in individual markets. While we worry that expectations for the company’s financial performance are already high, we believe the company’s profitability is likely to increase over time as the organization completes its transformation into a profit focused, shareholder owned corporation."
Visa Inc. is a retail electronic payments network. The Company facilitates global commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses and government entities.
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Comments
Visa
Gosh! Visa just went public....MA has been around for a while. Let's give V a chance, yes???
Visa...Valuation
Ma. goes up $8.00 & then $10.00 And Goes down $1.20...... All the while V. goes up $.42 & $1.24... What is this Justification!!!!!
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Visa
Jerry.. Az. on Jul 23, 2008 04:55 PMWhy do the Big,Big Boy's on Wall Street favor Mastercard and it's huge share price and Visa with twice the transactions annually trade at less than a third of the price????????????