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Visa quarterly trends tracking above estimates, says Baird
The Fly

Visa quarterly trends tracking above estimates, says Baird

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.

Published first on TheFly

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