MasterCard (MA) PT Lowered to $478 at Mizuho

Mizuho analyst Dan Dolev lowered the price target on MasterCard (NYSE: MA) to $478.00 (from $480.00) while maintaining a Buy rating.

The analyst commented: "Mastercard also updated 2024 guidance. However, we are slightly lowering our estimates following softer-than-expected 2Q/FY guidance (largely due to fresh FX headwinds). We continue to value the stock at ~28x or FY25 EPS, which implies a PT of $478, down slightly from $480."

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