Barclays Maintains Overweight on Mastercard, Lowers Price Target to $530
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Ramsey El-Assal maintains an Overweight rating on Mastercard (NYSE:MA) but lowers the price target from $549 to $530.

May 06, 2024 | 4:03 pm
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Barclays maintains an Overweight rating on Mastercard but lowers the price target from $549 to $530.
The adjustment in price target by Barclays reflects a slight moderation in their outlook for Mastercard, possibly due to market conditions or company-specific factors. However, maintaining an Overweight rating indicates a continued positive view on the stock's potential. The reduction in price target might cause short-term price movements but the bullish stance suggests confidence in long-term growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100