Robert Baird reported that they have lowered their rating on payment services company, Visa Inc(V) on Friday.
The firm has downgraded Visa from “Outperform” to “Neutral,” and has given the company a $165 price target. This price target suggests a 4% increase from the stock’s current price of $158.55.
Analysts have downgraded the stock based on valuation.
Visa shares were down -$1.18, or -0.74% during premarket trading Friday. The stock has increased 58% in the past year.
The Bottom Line
Shares of Visa (V) have a .83% dividend yield, based on last night’s closing stock price of $159.88. The stock has technical support in the $147-$150 price area. The shares are trading near all-time highs.
Visa Inc(V) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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