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MasterCard price target raised to $656 from $650 at RBC Capital

RBC Capital raised the firm’s price target on MasterCard (MA) to $656 from $650 and keeps an Outperform rating on the shares. The company reported a better-than-expected quarter with increased guidance, and its underlying trends were generally stable in the quarter and remained so into July, the analyst tells investors in a research note. Mastercard shares will work their way higher through the year as growth continues, RBC added.

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