BofA analyst Jason Kupferberg raised the firm’s price target on MasterCard (MA) to $442 from $438 and keeps a Buy rating on the shares. The firm believes Visa (V) and MasterCard’s overall underlying business performance is generally tracking in line with expectations, the analyst tells investors in a preview. MasterCard provided updated guidance for tax and forex during a conference appearance on May 31 and the firm believes it has not yet been fully incorporated into consensus numbers, the analyst added.
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