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.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on V:
- DOJ to file antitrust suit against Visa over debit cards, Bloomberg says
- Visa, MasterCard weakness on Walmart news ‘overdone,’ says Keefe Bruyette
- Walmart’s FedNow initiative could weaken Visa, MasterCard moat, says Mizuho
- Walmart planning instant bank payments, Bloomberg reports
- V, MA, or AXP: Which Credit Card Stock Will Outperform?