MasterCard price target lowered to $524 from $536 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on MasterCard (MA) to $524 from $536 and keeps an Overweight rating on the shares. Mastercard echoed Visa’s (V) comments around the resilience of U.S. consumer spending, notes the analyst, who thinks “healthy” spend patterns and international travel growth can still be a source of modest upside in the medium-term, especially amid strong demand and bookings trends.