Visa price target raised to $250 from $245 at Credit Suisse

Credit Suisse analyst Moshe Orenbuch raised the firm’s price target on Visa to $250 from $245 and keeps an Outperform rating on the shares. Visa continues to expect roughly ~15% FXN, ex-Russia revenue growth for the year, with the only notable change being the improved FX impact, the analyst tells investors in a research note. Visa has very attractive qualities in the current environment, including profitability, balanced exposure, the ability to grow through moderate recessionary conditions, inflationary benefits, and mix shifts, Credit Suisse says.