Visa: Wedbush maintains 'outperform' rating, raises target

(CercleFinance.com) - Wedbush reinstates its "outperform" rating on the Visa share, having raised its correspoding target price from 200 dollars to 220 dollars (or 34x 2021e EPS), in a report on the payment solutions sector.


"We believe gradual improvements in card metrics trends, as well as travel spending (attached travel data) will help further expand forward P/E multiples from COVID-19's lows, getting closer to pre-COVID-19 levels," the broker says.


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