JPMorgan analyst Tien-tsin Huang lowered the firm’s price target on Visa to $293 from $296 and keeps an Overweight rating on the shares ahead of the fiscal Q4 report. The analyst updated the firm’s model for Visa, primarily for currency, while also taking a more conservative view on fiscal 2024 volume growth. However, the analyst believes Visa can offset this slower growth with more moderate spending and buybacks.
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