MasterCard price target lowered to $540 from $615 at Redburn Atlantic

Redburn Atlantic lowered the firm’s price target on MasterCard to $540 from $615 and keeps a Buy rating on the shares. The analyst says recent concerns about the company’s’ U.S. growth and regulation have called its growth algorithm into question. While concerns regarding the U.S. are warranted, is it a small part of Mastercard’s profits and Redburn’s valuation work also shows the market is already valuing it at close to zero, the analyst tells investors in a research note. The firm believes this “discount is far too aggressive.”