Morgan Stanley raised the firm’s price target on MasterCard (MA) to $679 from $678 and keeps an Overweight rating on the shares. The FY outlook remains unchanged as the impact from the Middle East and portfolio shifts weigh on high-yield cross-border volume, the analyst tells investors in a research note. The firm added it is reassured that underlying trends are stable and U.S. spend is accelerating ex-Capital One migration.
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