Barclays Maintains Overweight on Visa, Lowers Price Target to $278
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Raimo Lenschow maintains an Overweight rating on Visa (NYSE:V) but has lowered the price target from $285 to $278.
October 30, 2023 | 2:00 pm
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Visa's price target has been lowered by Barclays from $285 to $278, though the Overweight rating is maintained.
The news is directly about Visa and is likely to influence investor sentiment. While the Overweight rating indicates that Barclays still sees Visa as a good investment, the lowering of the price target may cause some investors to reassess their positions, potentially leading to short-term price volatility.
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IMPORTANCE 80
RELEVANCE 100