JPMorgan lowered the firm’s price target on MasterCard (MA) to $580 from $593 and keeps an Overweight rating on the shares. The shares were down 3% post earnings as comments around a 2025 tax rate drag weighed on an “otherwise clean quarter” that included accelerating revenues, the analyst tells investors in a research note. The firm says Mastercard is seeing supportive pricing contributing to year-over-year yield improvements.
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