HSBC upgraded Visa (V) to Buy from Hold with a price target of $389, up from $335. Valuation and strong financial performance underpins the firm’s more positive stance on Visa, as its attractive financial algorithm remains intact as services generate outsized growth, the analyst tells investors in a research note. The firm thinks value-added services has a long runway for growth, while Commercial & Money Movement Solutions also offer material upside over time.
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