MasterCard price target raised to $433 from $405 at Susquehanna

Susquehanna analyst James Friedman raised the firm’s price target on MasterCard to $433 from $405 and keeps a Positive rating on the shares. The analyst said despite a strong January, optics for Q1 guidance at high-single-digit growth sound more muted, due to a very tough comp Y/Y in the Q1 20222 contribution from M&A, the adverse effect of exiting Russia, and FX.