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Wells Fargo Sticks to Its Buy Rating for Visa (V)

Tipranks - Tipranks - Thu Apr 16, 6:47AM CDT

In a report released today, from Wells Fargo maintained a Buy rating on Visa, with a price target of $412.00.

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In addition to Wells Fargo, Visa also received a Buy from Citi’s Bryan Keane in a report issued yesterday. However, on April 1, Evercore ISI reiterated a Hold rating on Visa (NYSE: V).

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Based on Visa’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $10.9 billion and a net profit of $5.85 billion. In comparison, last year the company earned a revenue of $9.51 billion and had a net profit of $5.12 billion

Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of V in relation to earlier this year. Last month, Lloyd Carney, a Director at V sold 650.00 shares for a total of $201,246.50.

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