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MasterCard price target raised to $475 from $450 at Truist

Truist raised the firm’s price target on MasterCard to $475 from $450 and keeps a Buy rating on the shares following the firm’s NDR with the company CFO Sachin Mehra. Truist contends that Mastercard has year of above-average organic revenue, EPS, free cash flow and ROIC growth as it benefits from structural ePayments growth. Although regulatory headline risk persists, this is primarily a sentiment issue, and material business model impairment is unlikely, the analyst tells investors in a research note.

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