Visa has ample liquidity for Visa Europe deal, says JPMorgan

theflyonthewall.com

JPMorgan believes Visa has ample liquidity to fund the transaction should the European banks that own Visa Europe decide to exercise their put option. While the Wall Street Journal said the sale could be around $3B, JPMorgan thinks the valuation could be above $4.6B. The firm would view the put being exercised as positive for Visa, noting it could be about 10c accretive to annual earnings. JPMorgan keeps an Overweight rating on Visa shares with a $180 price target.

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