KeyBanc raised the firm’s price target on MasterCard (MA) to $660 from $635 and keeps an Overweight rating on the shares. The firm notes Mastercard reported Q2 results ahead of the Street with revenue primarily driven by yields, and EPS helped by revenue upside, partially offset by slightly higher opex and higher tax rate, among other factors. KeyBanc also raised its revenue and EPS estimates higher, flowing through Q2 results and reflecting improved guide.
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