Visa price target raised to $395 from $393 at Raymond James

Raymond James raised the firm’s price target on Visa (V) to $395 from $393 and keeps an Outperform rating on the shares. Visa’s “solid” Q2 results featured a 3% adjusted EPS beat on modest net revenue upside relative to the Street, while April trends were better than feared as U.S. payments volume accelerated 100 basis points to 8% vs. March and total cross-border volume growth improved 400 bp month over month to 15%, the analyst tells investors in a research note. The firm expects estimates to be generally unchanged, and feelsconfident that the company can deliver on its EPS outlook in a variety of macro scenarios given the ability to protect the bottom line.