Evercore ISI raised the firm’s price target on MasterCard (MA) to $610 from $600 and keeps an In Line rating on the shares. The firm also added the stock and shares of peer Visa (V) to the firm’s “Tactical Outperform” list heading into year-end and into the Q4 earnings season, citing potential reversion of relative year-to-date underperformance, valuation and potential for increased investor interest into year-end.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MA:
- MA, TSM, BAC: 3 Top-Rated Stocks Scoring a ‘Perfect 10’ for Investors
- Crypto Currents: Bitcoin settlement volume flips Visa
- MasterCard board approves new buyback program for up to $14B
- MasterCard raises quarterly dividend 14% to 87c per share
- Midday Fly By: IBM to buy Confluent, Paramount goes hostile for Warner Bros.