MasterCard price target lowered to $675 from $735 at Citi

Citi lowered the firm’s price target on MasterCard (MA) to $675 from $735 and keeps a Buy rating on the shares. The firm says that despite macro volatility, the company’s fundamentals remain intact mad stable consumer spend trends. Citi cites lower peer group multiples for the target cut but sees a buying opportunity at current share levels.