MasterCard price target lowered to $439 from $443 at Morgan Stanley

Morgan Stanley analyst James Faucette lowered the firm’s price target on MasterCard (MA) to $439 from $443 and keeps an Overweight rating on the shares, whose relative valuation “looks compelling.” Mastercard echoed Visa’s (V) comments around the resilience of U.S. consumers and management commentary “reassured us that spend trends remain stable,” the analyst tells investors in a research note. In addition, the firm thinks any potential reduction in debit interchange as proposed by the Fed would “ultimately have a limited impact” on MasterCard revenues, the analyst noted.