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.
Published first on TheFly
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