Visa price target raised to $410 from $400 at Jefferies

Jefferies raised the firm’s price target on Visa (V) to $410 from $400 and keeps a Buy rating on the shares. With improved quarter-to-date trends and U.S.-inbound travel talked down as a concern the firm sees “little debate/controversy” for Visa and MasterCard (MA), but also sees this as reflected in year-to-date outperformance and valuation, which “makes the near-term path higher less clear,” the analyst tells investors.