Visa price target raised to $265 from $262 at RBC Capital

RBC Capital analyst Daniel Perlin raised the firm’s price target on Visa to $265 from $262 and keeps an Outperform rating on the shares. The company demonstrated the "same steady execution" under the new CEO, while its guidance points to continued stability, with parts of cross-border travel still recovering, the analyst tells investors in a research note. RBC adds that consumer spending behavior is moderating a bit, but incremental new flows and value-added services are helping offset possible cyclical headwinds.