KeyBanc analyst Josh Beck upgraded MasterCard to Overweight from Sector Weight with a $425 price target. The analyst says his prior travel-related dislocation concerns have faded and that new flows beyond consumer card are improving the company’s diversification and growth durability. New payment flows should extend the growth runway at Visa and MasterCard, prompting an upgrade for both, Beck tells investors in a research note.
Published first on TheFly
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