MasterCard price target raised to $595 from $576 at Barclays

Barclays raised the firm’s price target on MasterCard (MA) to $595 from $576 and keeps an Overweight rating on the shares as part of a broader research note previewing Q4 results for FinTech names. The quarter has more catalyst potential now given the retrenchment observed in Fintech stocks over the past couple weeks, and given the generally sound macro backdrop and constructive intra-quarter commentary from many companies in the firm’s coverage, there appears to be a divergence of fundamentals vs. share price action, the analyst tells investors in a research note.