Evercore ISI raised the firm’s price target on MasterCard (MA) to $600 from $595 and keeps an In Line rating on the shares. MasterCard delivered a “strong” fiscal Q2 and the post-earnings share rise reflects “a clean beat against high expectations and narrowing the performance gap” with Visa (V), the analyst tells investors. The firm sees a balanced risk/reward outlook through year-end and “modest upside potential alongside Visa,” the analyst added.
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