BMO Capital raised the firm’s price target on Visa (V) to $320 from $310 and keeps an Outperform rating on the shares after its Q4 earnings beat. The quarter generally showed consistent trends across Consumer Payments, and benefited from strong VAS trends/accelerating New Flows growth, and as expected, the DOJ lawsuit discussion was limited, the analyst tells investors in a research note. Visa’s revenue and earnings growth will prove more enduring than investors anticipate, BMO added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on V: