Morgan Stanley Maintains Overweight on Mastercard, Lowers Price Target to $439
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst James Faucette has maintained an 'Overweight' rating on Mastercard (NYSE:MA) but lowered the price target from $443 to $439.

October 27, 2023 | 1:32 pm
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Mastercard's price target has been lowered by Morgan Stanley from $443 to $439, though the 'Overweight' rating is maintained.
The news is directly about Mastercard and is likely to influence investor sentiment. While the 'Overweight' rating indicates that Morgan Stanley expects the stock to outperform, the lowering of the price target might create some uncertainty. However, the change is relatively small, so the overall impact is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100