Citi analyst Ashwin Shirvaikar raised the firm’s price target on MasterCard to $440 from $435 and keeps a Buy rating on the shares. Mastercard posted solid results as consumer spending remains resilient, with Europe a positive surprise relative to expectations and China recovery a clear catalyst, the analyst tells investors in a research note. The firm remains a buyer of the stock, saying MasterCard remains its top idea following the solid quarter.
Published first on TheFly
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