Keefe Bruyette keeps an Outperform rating on Visa with a $325 price target after Bloomberg reported the Department of Justice may file a lawsuit against the company as soon as today alleging a range of anti-competitive conduct in keeping competitors from challenging its dominant position is the U.S. debit card market. While details are limited on the potential suit, Visa’s risk is manageable in a worst case scenario, the analyst tells investors in a research note.
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