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MasterCard price target raised to $400 from $390 at Credit Suisse
The Fly

MasterCard price target raised to $400 from $390 at Credit Suisse

Credit Suisse analyst Moshe Orenbuch raised the firm’s price target on MasterCard to $400 from $390 and keeps an Outperform rating on the shares. MasterCard delivered a ~2% revenue beat, with outperformance rooted in better global volume growth, the analyst tells investors in a research note. MasterCard has attractive qualities in the current environment, including profitability, balanced exposure, ability to grow through moderate recessionary conditions, inflationary benefits, and mix shifts, the firm says.

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