Wedbush analyst Moshe Katri reiterated Visa Inc (NYSE: V) with an Outperform and a $270 price target.
On Wednesday, V provided updated volume data for July and August.
In general, U.S. Payments volume data suggests slight growth improvements month-to-month, with quarter-to-date in-line performance with the June quarter, while chargeback volume points to consistent performance for both months and with June quarter's levels.
Also Read: How Visa And Mastercard's New Fees Hike Are Impacting Your Wallet And Local Businesses!
U.S. Payments volume trends are in line with PSCU's published data. Continue to view Visa as a defensive play, especially under a scenario of a possible macro-global slowdown.
Visa ...