Morgan Stanley lowered the firm’s price target on MasterCard (MA) to $644 from $654 and keeps an Overweight rating on the shares. The stock was up 3% post-print as foreign exchange concerns driving up short interest pre-print were “at least in part offset” by strength in U.S. spend and cross-border travel and e-commerce, the analyst tells investors. Following the report, the firm’s FY25 adjusted EPS forecast is down less than 1% as it integrates forex and acquisition-related expenses, the analyst noted.
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Read More on MA:
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