Nomura Comments on Visa's (V) Q3

Nomura Securities maintained a Buy rating on Visa (NYSE: V) and raised its price target to $140.00 (from $150.00).

Commenting on Visa's quarterly results, analyst Bill Carcache said, "Overall it was a good quarter at Visa, with core trends coming in roughly in line with expectations."

"Based on this quarter's review, we're leaving our 2013 / 14 estimates unchanged. We're also raising our PT from $140 to $150 to reflect a modestly higher earnings multiple," wrote Carcache.

He sees success in employment of debit mitigation strategies and continued outperformance in US credit.

For an analyst ratings summary and ratings history on Visa click here. For more ratings news on Visa click here.

Shares of Visa closed at $138.76 yesterday.

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