Evercore ISI initiated coverage of Visa (V) with an In Line rating and $330 price target The company offers “steady growth” given secular and global trends, the analyst tells investors in a research note. In a bull market, the firm expects the shares to underperform names that are down 30%-60% from their February peaks. In a down market, MasterCard and Visa “have proven to be the best defensive plays in the space,” says Evercore ISI.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on V:
- Looking for Exposure to JPM Stock? Try These Two ETFs
- DOJ Approves Capital One–Discover $35 Billion Deal, Stock Set for Potential Upside
- Visa price target raised to $400 from $390 at Baird
- Visa price target raised to $392 from $384 at Goldman Sachs
- Visa Makes a $100M Bid to Oust Rival Mastercard from Apple’s Card Network