Visa Inc (V:NYE) Analysts cut target on consumer spending

On Wednesday Stephens & Co. and Oppenheimer cut their target forecasts on Visa Inc as direct effect on reduced consumer spending as a result of the pandemic.  

Oppenheimer cut the deepest, lowering their target to $175 from $210. They kept their Outperform rating on the company.

Stephens reduced their target to $192 from $228, and kept their Overweight rating.

STA Research has an average target of $215, and a consensus Strong Buy rating with a mildly bullish sentiment.

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