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Pacific Crest Analyst Likes Risk/Reward on Visa Inc (V)

Pacific Crest analyst Josh Beck offers a bullish take on Visa Inc (NYSE:V) on the heels of holding investor meetings with global head of IR, Jack Carsky. Beck reiterates an Overweight rating on V with a $92 price target, which represents a nearly 15% increase from where the shares last closed.

In these conversations, the analyst notes the focus of the meetings emphasized litigation, the PayPal Holdings Inc (NASDAQ:PYPL) Partnership, and Europe.

The U.S. Second Circuit Court rejected the merchant litigation settlement, calling it financially unfair and not beneficial to retailers. Visa and MasterCard Inc (NYSE:MA) had an accusation against them alleging improperly fixed credit and debit card fees.

Though not resolved yet...