Visa: Jefferies still a buyer after results
(CercleFinance.com) - Jefferies reinstates its "buy" rating on the Visa stock, along with its target price of 245 dollars (nearly 18% upside), the day after the company published Q1 results that were in line with the consensus, with EPS of 1.
"In-line result likely causes N-T breather for the stock," the broker acknowledges, although it nevertheless says "we have confidence in underlying trends" for the payment solutions giant.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.