Goldman Sachs raised the firm’s price target on MasterCard (MA) to $739 from $710 and keeps a Buy rating on the shares after its Q4 earnings beat. The firm has come away more positive on MasterCard and believes the stock is well positioned into the remainder of the year, the analyst tells investors in a research note. Shares outperformed post earnings, which the firm attributes to the roughly in-line guidance and the announcement that Mastercard had renewed and extended its relationship with Capital One (COF), Goldman Sachs added.
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