Mizuho analyst Dan Dolev lowered the firm’s price target on MasterCard to $400 from $405 and keeps a Buy rating on the shares. The firm’s analysis suggests that Visa and MasterCard’s share of incremental U.S. personal consumption expenditures continued to decline in Q1.. Visa’s share is now trending below its long-term averages while MasterCard is trending roughly in line, the analyst tells investors in a research note.
Published first on TheFly
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