Visa price target raised to $284 from $272 at Baird

Baird analyst David Koning raised the firm’s price target on Visa to $284 from $272 and keeps an Outperform rating on the shares. The analyst said all key metrics beat our FQ2 estimates. Relative to March, US volume and transactions appear to be relatively stable/mild decelerated in April, while X-border ex-IE appears to have mildly accelerated.