As previously reported, Cantor Fitzgerald initiated coverage of MasterCard (MA) with an Overweight rating and $650 price target The company continues to benefit from the long-term global secular tailwind for electronic payments, and the firm contends that MasterCard can generate steady, incremental growth through pricing initiatives as it broadens its VAS product suite and as digital transactions continue to represent a growing share of transactions, the analyst tells investors in a research note.
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