BMO Capital raised the firm’s price target on MasterCard to $442 from $414 and keeps an Outperform rating on the shares after its Q1 earnings beat. The analyst cites the company’s higher value-added services, with ongoing momentum expected from cross-border revenue recovery. BMO adds that it does not anticipate any near-term impact from the announced DOJ investigation.
Published first on TheFly
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Read More on MA:
- MasterCard price target raised to $400 from $390 at Credit Suisse
- MasterCard price target raised to $404 from $392 at RBC Capital
- MasterCard price target raised to $440 from $438 at Morgan Stanley
- MasterCard price target raised to $440 from $435 at Citi
- MasterCard price target raised to $453 from $450 at Raymond James
