Quiet Period Ends: Visa Analysts Unleash The Hounds (V)

April 28, 2008 by Douglas A. McIntyre

The quiet period has ended for Visa Inc. (NYSE: V) after its IPO.  The underwriters have thus initiated their coverage ratings this morning on the credit card payment processing company.  Shares of Visa have risen by about 40% since its IPO.

These are not yet all of the calls that will be out this morning, but these are the coverage initiations seen so far early this Monday morning:

  • SunTrust Robinson Humphrey at Buy;
  • Goldman Sachs at Buy with $90 target;
  • UBS at Buy;
  • JPMorgan at Overweight;
  • Citigroup at Hold with $78 target;
  • Credit Suisse at Neutral;
  • Morgan Stanley at Equal-Weight with $75 target;

Prior to the quiet period ending, some brokerage firms were able to initiate coverage in the prior weeks ahead of the underwriters:

  • Keefe Bruyette Woods at Outperform;
  • Cowen & Co at Outperform;
  • Deutsche Bank at Buy;
  • Stifel Nicolaus at Buy.

Visa is also set to report earnings today, and a conference call will be held at 5:00 PM EST.

Jon C. Ogg
April 28, 2008