BMO Capital assumed coverage of MasterCard with an Outperform rating and $475 price target. Investors underappreciate the duration of Mastercard’s revenue and EBIT growth potential and the resiliency of the business to potential regulatory pressures and alternative payment modes, the analyst contends. The firm anticipates an eventual deceleration in domestic P2M growth will be offset by high-growth areas and views Mastercard as “a core holding within U.S. Financials,” the analyst added.
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