BofA analyst Jason Kupferberg raised the firm’s price target on MasterCard (MA) to $442 from $438 and keeps a Buy rating on the shares. The firm believes Visa (V) and MasterCard’s overall underlying business performance is generally tracking in line with expectations, the analyst tells investors in a preview. MasterCard provided updated guidance for tax and forex during a conference appearance on May 31 and the firm believes it has not yet been fully incorporated into consensus numbers, the analyst added.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on MA:
- T. Rowe’s Blue Chip Growth ETF (TCHP): Plenty to Like, but Alternatives Abound
- MasterCard appoints Rob Beard as chief legal officer
- Visa, MasterCard ‘strangely undervalued,’ stocks a buy, Barron’s says
- MasterCard price target raised to $452 from $442 at Goldman Sachs
- JQUA: Why This Quality Factor ETF Should be on Your Radar