Seaport Research analyst Jeff Cantwell lowered the firm’s price target on MasterCard to $518 from $525 and keeps a Buy rating on the shares. The firm believes Q1 was a “fairly straightforward quarter” and its overall view on the stock is not materially changing, the analyst tells investors. The company’s underlying trends remain healthy and its FY24 outlook on an FXN basis remains unchanged, the firm adds.
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