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Visa upgraded to Outperform by Baird

 (Image source: visa.ca)

Robert W Baird upgraded shares of Visa Inc (NYSE:V) to outperform from neutral. According to Baird, the recent pullback in the company makes it an attractive entry point. For example, YTD, the credit card transaction processor has been down nearly 11 percent. However, the price target was maintained at $245 a share. Moreover, Visa’s ability to generate substantial free cash flows is another reason Baird bestowed an outperform rating on the shares.