Susquehanna lowered the firm’s price target on MasterCard (MA) to $665 from $670 and keeps a Positive rating on the shares. The firm said they started the year strong though April slowed, especially in XB (cross-border) travel decelerating to just 2% growth versus 8% in Q1. The company continues to see healthy growth for purchase volume, driven by strength in XB payments (particularly non- travel) and the onboarding of new wins in consumer and commercial.
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