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Visa price target lowered to $400 from $430 at JPMorgan

JPMorgan analyst Tien-tsin Huang lowered the firm’s price target on Visa (V) to $400 from $430 and keeps an Overweight rating on the shares post the fiscal Q1 report. The company posted “healthy” organic revenue growth of 13%, ahead of expectations and guidance, the analyst tells investors in a research note. The firm believes the shares could see some pressure on Visa’s stepped up investments.

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