Jul 10, 12:30 PM
BofA Securities downgraded Visa (V) and MasterCard (MA) to Neutral due to limited upside potential to the valuation despite favorable business models. Visa has underperformed the S&P 500 by 23% in recent months.
Written with ChatGPT (GPT-3).
Sources
Jerry Capital
$V $MA BofA downgrade on lack of valuation upside
Streetinsider.com A non-consensus call: BofA cuts ratings on both Visa $V and MasterCard $MA shares https://t.co/SmdgUWyXlE https://t.co/zhzRTIyXHw
Kaushik $V $MA BofA cuts to Neutral Our analysis suggests modestly less confidence in V/MA’s ability to grow net revs >10% over the next 5 years. We still view V/MA as fairly reliable compounders, but potentially at a slower rate than pre-pandemic.