Morgan Stanley Analyst Sees Upside for Visa and Mastercard as Cross-Border Travel Strengthens
Portfolio Pulse from Anusuya Lahiri
Morgan Stanley analyst James Faucette reiterated Overweight ratings on Visa Inc (NYSE:V) with a $290 price target and Mastercard Inc (NYSE:MA) with a $440 price target. He expects strength in international travel to drive an upside to Visa and Mastercard's earnings, especially as cross-border volumes generate higher yields and margins than domestic volumes. He also sees recent underperformance relative to the market as a compelling valuation with macro risks fully priced in.
July 19, 2023 | 6:03 pm
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POSITIVE IMPACT
Mastercard has been given an Overweight rating and a $440 price target by Morgan Stanley. The strength in international travel and cross-border volumes are expected to drive an upside to Mastercard's earnings.
The Overweight rating and the price target indicate the analyst's positive outlook on Mastercard. The expected strength in international travel and cross-border volumes, which generate higher yields and margins, are likely to boost Mastercard's earnings.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Visa has been given an Overweight rating and a $290 price target by Morgan Stanley. The strength in international travel and cross-border volumes are expected to drive an upside to Visa's earnings.
The Overweight rating and the price target indicate the analyst's positive outlook on Visa. The expected strength in international travel and cross-border volumes, which generate higher yields and margins, are likely to boost Visa's earnings.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100