Raymond James analyst John Davis raised the firm’s price target on Visa to $282 from $281 and keeps an Outperform rating on the shares. Visa reported "solid" Q2 results that featured a 240bp revenue beat and 10c of EPS upside, and commentary for low-double digit revenue growth in Q3 and 200-300bp of opex growth deceleration is generally in line with the Street and prior commentary, the analyst tells investors in a research note. The firm thinks the Q3 outlook will prove conservative.
Published first on TheFly
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