U.S. Markets close in 4 hrs 28 mins
  • S&P 500

    4,129.12
    -10.94 (-0.26%)
     
  • Dow 30

    32,835.78
    +3.24 (+0.01%)
     
  • Nasdaq

    12,513.15
    -131.30 (-1.04%)
     
  • Russell 2000

    1,917.14
    -24.07 (-1.24%)
     
  • Crude Oil

    91.34
    +0.58 (+0.64%)
     
  • Gold

    1,809.30
    +4.10 (+0.23%)
     
  • Silver

    20.44
    -0.17 (-0.84%)
     
  • EUR/USD

    1.0226
    +0.0039 (+0.3784%)
     
  • 10-Yr Bond

    2.7920
    +0.0270 (+0.98%)
     
  • Vix

    21.81
    +0.52 (+2.44%)
     
  • GBP/USD

    1.2086
    +0.0016 (+0.1305%)
     
  • USD/JPY

    134.9470
    -0.0230 (-0.0170%)
     
  • BTC-USD

    23,146.21
    -906.35 (-3.77%)
     
  • CMC Crypto 200

    537.09
    -20.26 (-3.63%)
     
  • FTSE 100

    7,497.59
    +15.22 (+0.20%)
     
  • Nikkei 225

    27,999.96
    -175.94 (-0.62%)
     

Mizuho Slashes Price Targets Of Mastercard, Visa Out Of Precaution - Read Why

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Mizuho analyst Dan Dolev maintained Mastercard Inc (NYSE: MAwith a Buy, cut the price target from $435 to $375, maintained Visa Inc (NYSE: Vwith a Neutral, and lowered the Price Target from $235 to $215.

  • The revival of the highly lucrative cross-border volumes following the COVID shock to the travel industry remains a significant component of the medium-term bull thesis for both V & MA, as per Dolev.

  • However, while travel-related stocks and visits to OTAs and other travel websites, a proxy for booking strength, have weakened, V & MA have yet to meaningfully correct, he added.

  • Dolev was optimistic about the continued momentum in cross-border spending.

  • However, out of precaution, he slightly lowered estimates, multiples, and PTs for both V & MA, which now reflects a more difficult FX and market environment.

  • Price Action: V shares traded lower by 0.14% at $196.61 on the last check Friday. MA shares traded lower by 0.29% at $314.57.

  • Photo via Wikimedia Commons

Latest Ratings for MA

Date

Firm

Action

From

To

Jan 2022

Morgan Stanley

Maintains

Overweight

Jan 2022

Raymond James

Maintains

Outperform

Jan 2022

Raymond James

Maintains

Outperform

View More Analyst Ratings for MA

View the Latest Analyst Ratings

See more from Benzinga

Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.