JP Morgan Maintains Overweight on Visa, Lowers Price Target to $293
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Tien-Tsin Huang has maintained an Overweight rating on Visa (NYSE:V) but lowered the price target from $296 to $293.
October 09, 2023 | 6:51 pm
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NEUTRAL IMPACT
Visa's price target has been lowered by JP Morgan from $296 to $293, though the Overweight rating is maintained.
While the lowering of the price target might be seen as a negative signal, the maintenance of the Overweight rating indicates that JP Morgan still sees potential in Visa. This could lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100