Truist analyst Matthew Coad raised the firm’s price target on Visa (V) to $371 from $361 and keeps a Buy rating on the shares as part of a broader research note on Payments following the group’s Q1 results. The firm is raising its top line estimates to reflect stronger expectations for the Data Processing and Other Revenue segments which are benefitting from better pricing, strong demand for marketing-related value-added services ahead of the FIFA World Cup, and the inorganic contribution from Prisma/Newpay, the analyst tells investors in a research note.
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