Ahead of the Bell: KeyBanc rates Visa at "Buy": Financial News - Yahoo! Finance
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AP
Ahead of navy federal visa the Bell: KeyBanc rates Visa at marrying on a tourist visa "Buy"
Tuesday July 29, 9:11 am ET
KeyBanc Capital Markets initiates coverage of Visa, assigns "Buy" rating and $94 price target
NEW YORK (AP) -- Shares of Visa Inc. gained buy stilnox online visa in premarket trading Tuesday after KeyBanc Capital Markets initiated coverage of the rbc visa credit card processor with a "Buy" rating, noting that the company's dominant presence in the debit market should help shield it from the economic downturn.
Shares rose 90 cents to $71.45 in premarket trading. Shares have traded between $55 and $89.84 since the company visa ead went public in March.
In a note to clients Tuesday, analyst Anurag Rana assigned the stock a free visa debit card "Buy" rating and south africa visa requirements a $94 target price.
"Despite the worsening U.S. schengen visa economy and the potential effects this weakness could have on other economies, Visa should be able to grow its us visa for foreign nurses top line by at least 12 percent to 15 percent, tv video 800-6893666 ca visa and its bottom line by e2 visa more than 20 percent over the next three years," fragomen and visa for france Rana wrote. "We view Visa as a solid long-term holding for any investor, and we believe it is one of the better business models we have seen."
Rana forecasts third-quarter earnings of 50 cents per share and full-year earnings of $2.05 per share. Analysts polled by Thomson Financial, on average, anticipate quarterly earnings visa to brazil of 48 cents per share and a profit of $2.03 per share in fiscal 2008.
Visa reports results for its third quarter on Wednesday.
"Visa's large debit business appears to be protecting the company to some degree from U.S. economic weakness," Rana wrote. As consumers shift toward using debit cards over cash or other means to r1 religious work visa make smaller purchases, Visa appears to be less vulnerable to declines in consumer spending, Rana said.
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