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Visa: So Many Reasons To Like It

Visa (V) is higher Wednesday, helped in part by a bullish note from Wedbush.

Analyst Moshe Katri reiterated an Outperform rating and $110 price target on Visa today and added it to the firm’s Best Ideas List, writing that he believes Visa’s revenue and cost synergy estimates from the Visa Europe acquisition are too conservative.

Katri writes that Visa’s recent investor day suggests that the Visa Europe integration is ahead of schedule, and...