BUZZ-Street View: Visa's durability, diversification make it attractive

Reuters
04/30
BUZZ-Street View: <a href="https://laohu8.com/S/V">Visa</a>'s durability, diversification make it attractive

** Visa V.N beat Wall Street estimates for quarterly profit on Tuesday, as the world's largest payment processor benefited from a steady rise in card payment volumes

** Company also unveiled a $30 billion share repurchase plan

CONSUMER SPENDING REMAINS HEALTHY

** J.P.Morgan ("overweight," PT: $375) says Visa's diversification, pricing power and opex insulation to help it navigate various macro outcomes

** "Visa posted a refreshingly straightforward quarter, which we think should be seen as a testament to resiliency, and a relief in an environment where investors are carefully watching for macro cracks," said J.P.Morgan

** TD Cowen ("buy," PT: $380) says co's durability and diversification make it an "attractive investment proposition" despite turbulent macro conditions

** Morgan Stanley ("overweight," PT: $386) says Visa has sufficient levers to adapt quickly to a range of macro scenarios with its diverse customer base

** Raymond James ("outperform," PT: $395) expects Visa to deliver on its EPS outlook in a variety of macro scenarios given its "ability to protect the bottom line"

(Reporting by Kanchana Chakravarty in Bengaluru)

((Kanchana.Chakravarty@thomsonreuters.com))

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