Market Report -- Short Stories ()
November 6, 2009 9:48 AM ET
Visa upgraded to Buy at Argus; tgt $100 . Argus upgrades Visa's to Buy from Hold and sets target price at $100. The firm believes that if encouraging recent volume trends continue, Visa's should continue to post upside earnings surprises. Moreover, even if volumes stay subdued, the firm believes that the worst of the declines have passed, and note that Visa'a earnings growth story remained intact through the depths of the recession. The firm believes that this bodes well for Visa's growth in better times.
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