MasterCard price target lowered to $631 from $707 at Raymond James

Raymond James analyst John Davis lowered the firm’s price target on MasterCard (MA) to $631 from $707 and keeps an Outperform rating on the shares following Q4 results that featured a 13% adjusted EPS beat, albeit largely driven by grant/tax tailwinds, as revenue was largely in line with the Street. Management provided 2026 revenue growth guidance at the high-end of low-double digits, largely in line with the Street, although the slower-than-expected opex growth guide will send EPS estimates higher, Raymond adds. With the stock trading at 23 times its 2027 EPS, or about 25% discount to its historical premium to the S&P 500 equal weighted index, the firm sees a favorable risk/reward.