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Visa price target raised to $380 from $370 at TD Cowen

TD Cowen raised the firm’s price target on Visa (V) to $380 from $370 and keeps a Buy rating on the shares. The firm said they posted a good 2Q with better net revenue growth driven by healthy core payments performance, VAS upside (+22%) and lower Incentive growth. Consumer resiliency was cited through April with solid 3Q guide and it affirmed FY25 guides amid uncertainty.

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