Jefferies Maintains Bullish View on Visa (V) Following Fireside Chat with CEO

Jefferies reiterated their Buy rating and $142 price target on Visa (NYSE: V) following a fireside chat with CEO Joe Saunders, at the firm's 2012 Global TMT Conference.

The firm comments, "The overall tone was positive, and our key takeaways were: 1) DOJ investigation seems manageable, 2) more evidence to support our view that V can achieve its target of 50%+ of revs from int'l markets at least a year ahead of schedule, 3) V remains extremely committed to investments in innovation."

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 $117.42 yesterday.

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