MasterCard price target raised to $599 from $567 at TD Cowen

TD Cowen analyst Bryan Bergin raised the firm’s price target on MasterCard (MA) to $599 from $567 and keeps a Buy rating on the shares. The firm said the continuation of sturdy macro indicators support steady Payments performance in 2025. An acceleration in bank volumes were expected, but upside provides comfort in continued consumer health. 4Q estimates are broadly reasonable, leaving the focus on FY25 guides where Cowen sees limited surprises in play.