Truist initiated coverage of MasterCard (MA) with a Buy rating and $640 price target. Investors should own both Mastercard and Visa (V), as the firm believes fears over disintermediation risks from real-time payments and stablecoins and a slowdown in their cross border revenues are “overblown,” the analyst tells investors while launching coverage on the Payments and FinTech industry.
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Read More on MA:
- MasterCard price target raised to $660 from $640 at UBS
- MasterCard price target raised to $655 from $630 at Jefferies
- Visa price target raised to $410 from $400 at Jefferies
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