Exane BNP Paribas analyst Alexandre Faure upgraded Visa to Outperform from Neutral with a $325 price target. The firm says cash digitization has largely played out in the U.S., leaving Visa and MasterCard to compete for potentially limited opportunities in other regions, particularly in Europe. Exane believes Visa screens well versus peers there, with MasterCard less attractive. It now expects MasterCard’s revenue growth to slow versus Visa’s.
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