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Stock Market & Financial Investment News

News Breaks
March 27, 2014
06:13 EDTV, TGTTarget and Visa say fraud limited following data breach, WSJ reports
Target (TGT) and Visa (V) said fraud has been limited following the the massive data breach over the holidays, reports the Wall Street Journal. Speaking at a Senate Commerce Committee hearing, Target CFO John Mulligan said there has been $2M in fraud on the Visa credit cards it issued and none on the store-issued debit cards. Visa said the breach that has been used for fraud is much lower than the 2%-5% rate the card issuer normally sees in comparable circumstances. Reference Link
News For TGT;V From The Last 14 Days
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December 18, 2014
14:39 EDTTGTBacker of Internet sales tax to get powerful Senate post
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December 17, 2014
17:47 EDTTGTTarget names Laysha Ward as chief corporate social responsibility officer
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17:44 EDTTGTTarget names Casey Carl as Chief Strategy and Innovation Officer
Target announced that Casey Carl, president, omnichannel and senior vice president, strategy, will assume the role of chief strategy and innovation officer.
08:31 EDTVVisa MasterCard shares undervalued, says Bernstein
Bernstein believes that the current valuations of Visa (V) and MasterCard (MA) suggests that their payments volumes growth will decelerate to 6%-7% by 2017. The firm disagrees with this view, as it expects the companies to generate double digit volume growth for five to ten more years, Bernstein keeps Outperform ratings on both stocks.
December 16, 2014
10:03 EDTTGTTarget initiated with an Outperform at Cowen
Target $85.
December 8, 2014
14:50 EDTVVisa price target raised to $295 from $260 at Argus
Argus raised its FY15 and FY16 adjusted EPS estimates for Visa (V) and correspondingly increased its price target on the stock to $295 from $260. The firm, which keeps a Buy rating on Visa, expects rising transaction volume to lead to higher consensus earnings estimates and believes the stock should trade at a higher multiple than peer MasterCard (MA), given its faster EPS growth rate and more consistent earnings performance.
06:13 EDTVStocks with implied volatility below IV index mean; WFM V
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