Visa (V) Rated Outperform by Baird After $500M Escrow Financing Deal

Visa Inc. (NYSE:V) ranks among the best most active blue chip stocks to buy now. On December 24, Baird reiterated its Outperform rating on Visa Inc. (NYSE:V) with a $425 price target based on the company’s announcement of a $500 million financing for its litigation escrow account, which will result in revisions to the rate of conversion of its class B-1 and B-2 common stock into class A common stock. According to Baird’s analysis of the arrangement, the litigation escrow funding establishes a pool for ba ...