Yahoo Finance

Morgan Stanley lowered the firm’s price target on MasterCard (MA) to $644 from $654 and keeps an Overweight rating on the shares. The stock was up 3% post-print as foreign exchange concerns driving up short interest pre-print were “at least in part offset” by strength in U.S. spend and cross-border travel and e-commerce, the analyst tells investors. Following the report, the firm’s FY25 adjusted EPS forecast is down less than 1% as it integrates forex and acquisition-related expenses, the analyst noted.

Invest with Confidence:

• Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.

• Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See Insiders’ Hot Stocks on TipRanks >>

Read More on MA:

• MasterCard price target raised to $665 from $618 at Keefe Bruyette

• MasterCard price target raised to $670 from $605 at Susquehanna

• MasterCard price target raised to $600 from $580 at Baird

• MasterCard price target raised to $660 from $600 at UBS

• MasterCard price target raised to $650 from $584 at Citi