Visa: Wells Fargo raises target price

(CercleFinance.com) - Wells Fargo maintains its Outperform rating on Visa shares, having increased its target price for them to 250 dollars from 225 dollars (closing price on Friday about 218 dollars, +0.
3%).

Analysts still believe that Visa is further entrenching itself in the global money movement ecosystem with its new products.

Wells Fargo is confident that the (V & MA) networks can still deliver about 20% EPS growth for the foreseeable future.

It believes that the earnings upside from the recovery in cross-border travel is a good cushion in a recessionary scenario, expecting a smooth transition for its new CEO Ryan McInerney.



Copyright (c) 2022 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.