Visa Stock Has Near-Term 'Overhang' From DOJ Antitrust Lawsuit: Analyst Picks 3 Stocks To Benefit

Payments company Visa Inc V was hit with an antitrust lawsuit by the U.S. Department of Justice (DOJ) Tuesday that analysts say could take years to sort out and will likely hurt shares in the short term.What Happened: The DOJ alleged Visa used anticompetitive practices in the debit network market in a lawsuit filed in U.S. District Court in New York on Tuesday.Visa controls over 60% of the U.S. debit transactions market, according to the lawsuit. The lawsuit alleged Visa illegally operates a monopoly by usi ...