Visa price target raised to $260 from $225 at Jefferies

Jefferies analyst Trevor Williams raised the firm’s price target on Visa to $260 from $225 and keeps a Buy rating on the shares. The set-ups are tougher after recent outperformance, but with the ongoing cross-border recovery and an ability to preserve EPS in a softer macro, the networks remain Williams’s favored sub-group, albeit with a bit less enthusiasm, the analyst tells investors in a research note.