Visa price target raised to $281 from $261 at Raymond James

Raymond James analyst John Davis raised the firm’s price target on Visa to $281 from $261 and keeps an Outperform rating on the shares. Visa’s "solid" Q1 results featured upside to both EPS and revenue, while guidance will likely send Street estimates higher, the analyst tells investors in a research note. The firm suspects some conservatism is still baked in given management’s commentary, and feels the networks will become the large cap tech stocks to own over the next 6+ months.