Credit card issuer Visa Inc. (V) on Thursday saw its shares removed from Goldman Sachs’ prestigious “Conviction Buy” List.

The firm said the move was a valuation call, as the stock has surged 47% higher over the past 12 months. Goldman maintained its $135 price target on the shares, which suggests a 15% upside to the stock’s Wednesday closing price of $117.53.

Visa shares fell 56 cents, or -0.5%, in premarket trading Thursday.

The Bottom Line
Shares of Visa (V) have a .75% dividend yield, based on last night’s closing stock price of $117.53. The stock has technical support in the $113-$114 price area. The stock is trading near the all-time high price levels of $125 a share.

Visa Inc. (V) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.