Macquarie analyst Paul Golding says Visa reported volume and transaction data for July and August, with U.S. volume growth dipping in July and coming back in August. The company saw continued improvement in the Asia-Pacific travel corridors, which are still benefiting from the China reopening and strong e-commerce volumes, the analyst tells investors in a research note. The firm says Visa’s U.S. payments volumes may be on track to reach its full quarter estimate. Macquarie keeps an Outperform rating on Visa with a $265 price target.
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