KBW Keeps Outperform rating on Visa Inc. (V)

Visa Inc. (NYSE:V) is one of the 9 Best NYSE Stocks to Buy According to Hedge Funds. On July 30, Keefe, Bruyette & Woods (KBW) reiterated its Outperform rating on Visa Inc. (NYSE:V) with a $400 price target.

The investment banking firm believes Visa Inc. (NYSE:V) is showing “solid trends” even though there might be some near-term volatility because of comparisons.

KBW highlighted that Visa Inc.’s (NYSE:V) core business drivers remain largely intact, with normalizing foreign exchange volatility being an exception. KBW pointed out that pricing will continue to act as a tailwind for the company, potentially helping the company to surpass expectations.

The firm sees Visa Inc. (NYSE:V) as “one of the highest quality names with the strongest visibility on medium-term earnings power” and identified it as a top pick for investing in the payments industry.

Visa Inc. (NYSE:V) is an American multinational digital payments company that offers a range of payment products and processing services in over 200 countries and territories.

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Disclosure: None. This article is originally published at Insider Monkey.