Redburn analyst Fahed Kunwar initiated coverage of Visa with a Sell rating. The brand power of debit is fading as digital wallets grow, contends Kunwar, who thinks the market underestimates the cyclical and structural concerns weighing on card network stocks.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on V:
- Jim Cramer Says Dow Jones Likely to Continue Outperforming; Here Are 3 Dow Stocks That Analysts Like
- Visa quarterly trends tracking above estimates, says Baird
- Visa (NYSE:V) Posts Encouraging Payments Volume Data
- Will Leadership Change Help Improve Visa’s (NYSE:V) Stock Performance?
- Follow the Hedge Fund: Top Manager Ray Dalio Placed Big Bucks on These 5 Stocks
