BMO Capital Maintains Outperform on Mastercard, Lowers Price Target to $472
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst James Fotheringham maintains an 'Outperform' rating on Mastercard (NYSE:MA) but lowers the price target from $488 to $472.

October 27, 2023 | 2:37 pm
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Mastercard's price target has been lowered from $488 to $472 by BMO Capital, though the 'Outperform' rating is maintained.
The news is directly about Mastercard and is important for investors as it provides insight into the company's valuation according to BMO Capital. The lowering of the price target might indicate a slightly less optimistic outlook, but the 'Outperform' rating suggests that the stock is still expected to do better than others in the market. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100