Visa price target raised to $320 from $290 at MoffettNathanson

MoffettNathanson raised the firm’s price target on Visa (V) to $320 from $290 and keeps an Outperform rating on the shares. The firm says Visa and Mastercard (MA) are “such well-loved stocks” that they rarely see their valuations stray too far from their long-term averages and that it is “even more rare to see Visa’s and Mastercard’s stocks drift down to valuation levels low enough that we feel compelled to write a note about it,” but “this is one of those times.”