Goldman Sachs Adds Visa (V) to Conviction Buy List

Goldman Sachs added Visa (NYSE: V) to its Conviction Buy list with a price target of $96, saying they view the company as a secular growth model with a defensive EPS growth profile.

The firm expects double-digit EPS growth, due to the continued secular shift to electronic payments, strong global consumer volume/transaction growth and ongoing traction in emerging payments. They also said Visa remains the best ways to invest in emerging payments (mobile, prepaid, e-commerce and P2P).

Industry leading ROC, robust annual FCF, solid margin profile and capital allocation stewardship will buffer EPS in a tepid economic environment, according to the analyst.

For more ratings news on Visa click here and for the rating history of Visa click here.

Shares of Visa closed at $83.83 yesterday.

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