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Rating: V
Buy $90

Visa, Inc (NYSE: V) upgraded to Buy with price target $90 by UBS

Wednesday,  Dec 16, 2015  3:25 PM ET by Kristen Bailey

UBS upgraded Visa, Inc (NYSE: V) to Buy with price target $90 with today's price
of $79.77. UBS rated Visa, Inc (NYSE: V) to Neutral with price target $202 on 07/25/2013, when the price was $48.89. Visa, Inc's stock price gained 63% since then.

Visa Inc. is a retail electronic payments network. The Company facilitates global commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses and government entities. Its primary customers are financial institutions, for which it provides processing services and payment product platforms, including platforms for consumer credit, debit, prepaid and commercial payments. The Company has three business operations: transaction processing services, product platforms and payments network management. In October 2007, the Company completed the series of transactions, in which Visa U.S.A., Visa International, Visa Canada and Inovant became direct or indirect subsidiaries of Visa Inc. Visa Europe did not become a subsidiary of Visa Inc., but rather remained owned and governed by its European member financial institutions and entered into a set of contractual arrangements with the Company in connection with the reorganization.

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in over 50 countries and from all major international centers. UBS employs more than 80,000 people.

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