Wells Fargo raised the firm’s price target on MasterCard (MA) to $668 from $660 and keeps an Overweight rating on the shares after its Q4 results and updated guidance. The firm is also lowering its FY26 reported operating expense growth to 11.0% vs. 11.5% and guidance of low-double-digits, the analyst tells investors in a research note. The new price target assumes 30-times forward earnings estimate, which represents a 50% premium to the S&P500, the firm added.
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