Morgan Stanley analyst James Faucette raised the firm’s price target on MasterCard to $440 from $438 and keeps an Overweight rating on the shares. Spending patterns "remain healthy" in the U.S. and abroad and MasterCard is assuming continued resilience for FY23, says the analyst, who adds that the cross-border travel recovery thesis is intact and expense levers further support the company’s EPS outlook in a changing macro environment.
Published first on TheFly
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