Visa price target raised to $402 from $386 at Morgan Stanley

Morgan Stanley analyst James Faucette raised the firm’s price target on Visa (V) to $402 from $386 and keeps an Overweight rating on the shares. Shares were down 2% post-print as the fiscal year revenue growth outlook was unchanged despite the June quarter beat, notes the analyst, who adds that Visa historically doesn’t revise its outlook in fiscal Q3 and “consistently outperforms in F4Q.”