Macquarie analyst Paul Golding lowered the firm’s price target on MasterCard to $420 from $445 and keeps an Outperform rating on the shares. The company delivered mixed metrics with revenue in line and an earnings beat along with a “subdued” Q4 net revenue guide, the analyst tells investors in a research note. The firm says that while cross-border travel accelerated versus 2019, sequentially it was tempered by harder comps coming out of omicron.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on MA:
- MasterCard price target lowered to $439 from $443 at Morgan Stanley
- MasterCard price target lowered to $447 from $486 at Susquehanna
- MasterCard price target lowered to $430 from $440 at KeyBanc
- MasterCard price target lowered to $484 from $496 at JPMorgan
- MasterCard price target lowered to $450 from $455 at Citi
