Visa Posts Growth, But Currency And Caution Cloud The Story

Visa Inc (NYSE:V) reported better-than-expected revenues and earnings for the fiscal first quarter but left the full-year guidance unchanged, according to Goldman Sachs. • Visa stock is showing weakness. What’s pulling V shares down?The Visa Analyst: Analyst Will Nance maintained a Buy rating, while slashing the price target from $417 to $408.The Visa Thesis: The company reported strong quarterly results, with gross revenues up 14% year-on-year to around $15.17 billion, topping consensus by 1%, driven by vo ...