Visa this morning provided a "broadly positive" update to its key performance indicators through February, Jefferies analyst Trevor Williams tells investors in a research note. The firm says U.S. payment volumes in February were consistent with January on a four-year basis, signaling ongoing U.S. consumer strength, while cross-border volumes improved. Based on the quarter-to-date trends, the analyst sees at least 3% upside to Street estimates for international transaction fees and Data processing. Jefferies keeps a Buy rating on the shares with a $260 price target.
Published first on TheFly
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