Barclays lowered the firm’s price target on MasterCard to $479 from $480 and keeps an Overweight rating on the shares. While Visa’s and MasterCard’s quarterly results should fall in line with expectations, investor focus will be on Visa’s fiscal 2024 guidance, the analyst tells investors in a research note. The firm would not be surprised to see a bit of conservatism from the company given the volatile macro environment, but feels the stock has largely baked in this outcome already.
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