Visa: Jefferies still on 'hold'
(CercleFinance.com) - On Tuesday, an analyst at Jefferies confirmed a "hold" recommendation on the Visa stock, along with a target price of 170 dollars (just over 5 dollars short of its current price).
"The company noted that the extent to which COVID-19 impacts financial results is highly uncertain and will depend on future events that are challenging to predict, including the duration/severity of the outbreak, and the timing of economic and operating conditions resuming," the broker says.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.