Truist lowered the firm’s price target on MasterCard (MA) to $561 from $590 and keeps a Buy rating on the shares as part of a broader research note on Payments following the group’s Q1 results. The firm is modestly lowering its top-line estimates, primarily due to weaker expectations for cross-border volume growth and overall EMEA payments activity, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MA:
- Trump Heads to China With Top CEOs, but One AI Giant Is Missing – And Boeing Could Be the Big Winner
- Several CEOs to accompany President Trump to China
- Will Nance Reiterates Buy on Mastercard, Citing Undervalued Superior Growth and Emerging Payments Opportunities
- PayPal Stock (PYPL) Downgraded as FCA Launches Probe Into U.K. Wallet Growth
- Mastercard Announces Leadership Changes in Key Finance Roles