Redburn Atlantic lowered the firm’s price target on Visa to $280 from $307 and keeps a Neutral rating on the shares. The analyst says recent concerns about the company’s’ U.S. growth and regulation have called its growth algorithm into question. Visa’s U.S.-dominated geographic footprint leaves it more exposed than MasterCard (MA), the analyst tells investors in a research note. The firm cut the price target due to its medium-term growth rate being reduced from 6% to 5%, reflecting slower U.S. growth.
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