Baird analyst David Koning said Visa provided updated operating metrics through November 21 which showed quarter-to-date trends are above his Q1 estimates. He said he likes it a lot given several benefits amid macro uncertainty including inflation, rising rates on big cash balances, recovery in Asia-Pacific x-border, and easy comps on Russia in second half of 2023. Koning reiterated his Outperform rating and $250 price target on Visa shares.
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