Visa price target raised to $290 from $265 at RBC Capital

RBC Capital raised the firm’s price target on Visa to $290 from $265 and keeps an Outperform rating on the shares after its Q3 earnings beat. Visa’s print is not showing “signs of cracking” despite the continued rhetoric of a possible weakening consumer as parts of cross-border travel are still recovering and with consumer spending trends in July seen as similar to June-end quarter, the analyst tells investors in a research note.