Raymond James lowered the firm’s price target on MasterCard (MA) to $609 from $631 and keeps an Outperform rating on the shares. The company delivered solid Q1 results with a modest EPS and revenue beat, though cross-border volume growth slowed due to geopolitical disruption, and while near-term guidance is slightly softer with expected Q2 pressure, a projected 2H recovery and discounted valuation support a still-favorable risk/reward outlook, the analyst tells investors in a research note.
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