Morgan Stanley Maintains Overweight on Mastercard, Lowers Price Target to $524
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 $536 to $524.
May 02, 2024 | 5:14 pm
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Morgan Stanley maintains an Overweight rating on Mastercard but lowers the price target from $536 to $524.
The adjustment in price target by a major analyst like Morgan Stanley could lead to short-term price fluctuations. However, the maintenance of an Overweight rating suggests a continued positive outlook on the stock, potentially mitigating any negative impact from the reduced price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100