Shares ofMastercard Inc (NYSE:MA)remained under pressure on Thursday, despite the company reporting upbeat second-quarter results.
The results came amid an exciting earnings season. Here are some key analyst takeaways.
Goldman Sachs OnMastercard
Analyst Will Nance maintained a Buy rating, while raising the price target from $519 to $540.
Mastercard reported better-than-expected quarterly results, "with lower rebates driving a net revenue beat," Nance said in a note. "Additionally, what stood out to us was the significant outperformance in U.S. debit volumes, which accelerated ~2pts adjusted for leap year, relative toVisa Inc (NYSE:V) which was...
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