MasterCard (MA) PT Lowered to $478 at Mizuho
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Price: $623.60 -1.52%
Rating Summary:
43 Buy, 4 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 14 | New: 15
Rating Summary:
43 Buy, 4 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 14 | New: 15
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(Updated - May 2, 2024 8:09 AM EDT)
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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