UBS Maintains a 'Neutral' on Visa (V); Raising Estimates on Solid Results, But Remain Cautious
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Price: $364.15 -0.36%
Rating Summary:
45 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
45 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS maintains a 'Neutral' on Visa (NYSE: V) price target raised from $124 to $127.
Analyst, John T. Williams, said, "At this point, we believe investors have largely processed the high-level impacts of the Durbin-related PIN debit share shift, though the magnitude of V's PIN debit losses should not be under stated. While they are relatively low revenue, low yield transactions, any large-scale share dislocation/disruption is not insignificant. That said, fundamentals were again strong despite those headwinds, and both international growth and cross-border continue to shine."
"Our FY12E EPS moves to $6.03 (+$0.17), FY13E is $7.01 (+$0.16), and FY14E is $8.07 (+$0.26)."
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 $122.19 yesterday.
Analyst, John T. Williams, said, "At this point, we believe investors have largely processed the high-level impacts of the Durbin-related PIN debit share shift, though the magnitude of V's PIN debit losses should not be under stated. While they are relatively low revenue, low yield transactions, any large-scale share dislocation/disruption is not insignificant. That said, fundamentals were again strong despite those headwinds, and both international growth and cross-border continue to shine."
"Our FY12E EPS moves to $6.03 (+$0.17), FY13E is $7.01 (+$0.16), and FY14E is $8.07 (+$0.26)."
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 $122.19 yesterday.
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