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MasterCard price target raised to $730 from $685 at Tigress Financial

Tigress Financial raised the firm’s price target on MasterCard (MA) to $730 from $685 and keeps a Strong Buy rating on the shares. The company reported strong Q3 results and continues to benefit from accelerating digital payment growth, the analyst tells investors in a research note. The firm believes MasterCard continues to benefit from the “accelerating secular shift” from cash to electronic and digital payments worldwide.

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