Visa price target raised to $275 from $273 at Citi

Citi raised the firm’s price target on Visa to $275 from $273 and keeps a Buy rating on the shares. The company delivered a good top- and bottom-line beat in its fiscal Q3 amid resilient consumer spending, on-track cross-border volume, solid value-added services and 20% growth in Visa Direct transactions, the analyst tells investors in a research note. The firm likes Visa’s “solid, dependable compounding.”