Visa stock down today as analysts see shifting Credit Card Competition Act risk ahead of earnings
Visa shares fell 0.9% to $325.56 Tuesday morning, with Mastercard and American Express also down. Morgan Stanley said chances of the Credit Card Competition Act advancing dropped after a key senator withdrew support for an amendment. Cantor Fitzgerald began Visa coverage with an Overweight rating and a $400 target. Visa reports earnings Jan. 29.