Deutsche Bank analyst Bryan Keane raised the firm’s price target on MasterCard to $430 from $375 and keeps a Buy rating on the shares, stating that the company reported "solid results" in Q4 and gave FY23 guidance that the firm calls "conservative enough." Deutsche Bank, which continues to believe MasterCard is well-positioned to weather a potential economic pullback and will be able to protect EPS even if its revenue trajectory were to weaken in a recession, is raising its FY23 and FY24 EPS forecasts by 7c each.
Published first on TheFly
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