Banking, finance, and taxes
Quiet Period Ends: Visa Analysts Unleash The Hounds (V)
Published:
The quiet period has ended for Visa Inc. (NYSE: V) after its IPO. The underwriters have thus initiated their coverage ratings this morning on the credit card payment processing company. Shares of Visa have risen by about 40% since its IPO.
These are not yet all of the calls that will be out this morning, but these are the coverage initiations seen so far early this Monday morning:
- SunTrust Robinson Humphrey at Buy;
- Goldman Sachs at Buy with $90 target;
- UBS at Buy;
- JPMorgan at Overweight;
- Citigroup at Hold with $78 target;
- Credit Suisse at Neutral;
- Morgan Stanley at Equal-Weight with $75 target;
Prior to the quiet period ending, some brokerage firms were able to initiate coverage in the prior weeks ahead of the underwriters:
- Keefe Bruyette Woods at Outperform;
- Cowen & Co at Outperform;
- Deutsche Bank at Buy;
- Stifel Nicolaus at Buy.
Visa is also set to report earnings today, and a conference call will be held at 5:00 PM EST.
Jon C. Ogg
April 28, 2008
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
