RBC Capital raised the firm’s price target on Visa (V) to $395 from $322 and keeps an Outperform rating on the shares after its Q4 earnings beat. A combo platter of solid holiday spending, elevated FX volatility, and strong cross-border travel provided the key ingredients for upside in the quarter, which sets the backdrop for another strong year and momentum heading into Visa’s February 20th Investor Day, the analyst tells investors in a research note.
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