Barclays Maintains Overweight on Visa, Lowers Price Target to $285
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Raimo Lenschow maintains an Overweight rating on Visa (NYSE:V) but lowers the price target from $287 to $285.

October 12, 2023 | 6:48 pm
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NEUTRAL IMPACT
Visa's price target has been lowered by Barclays from $287 to $285, though the Overweight rating is maintained.
The news is directly about Visa and is likely to influence investor sentiment. However, the slight decrease in price target is not a significant change, and the Overweight rating suggests that Barclays still sees the stock as a good investment. Therefore, the impact on the stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100