Morgan Stanley analyst James Faucette raised the firm’s price target on Visa (V) to $371 from $326 and keeps an Overweight rating on the shares of what is now the firm’s top payments and processing pick into 2025. The firm cites an “attractive valuation,” benefits from travel and value added services, easing regulatory scrutiny, and favorable tactical trading dynamics for its view on Visa. More broadly for the group, the firm says its Attractive industry view are based on improving investor sentiment, young consumer preferences, a call for accelerated investment in competitive strengths, more M&A, and easing regulatory scrutiny.
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