MasterCard price target raised to $532 from $496 at Mizuho

Mizuho raised the firm’s price target on MasterCard to $532 from $496 and keeps an Outperform rating on the shares. The firm believes share of personal consumption expenditure growth is a key measuring stick in evaluating the company’s growth runway in the U.S. In Q3, neither Visa (V) nor MasterCard (MA) were able to reverse what has been a consistent downward trend in their capture of incremental consumer spending, the analyst tells investors in a research note. Mizuho continues to favor MasterCard over Visa.