Wall Street Manna
An irreverent look at Wall Street
Wednesday, October 28, 2009
Visa upgraded after earnings
So sell it. Deutsche Bank raises the target to 90, after Visa said it sees earnings growth in excess of 20% in 2010 and 2011.
Visa may be a source of funds for banks looking to raise capital.
Why else would Visa announce a buyback of a billion dollars worth of shares in a stock repurchase program?
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