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Fly News Breaks for February 11, 2016
MA
Feb 11, 2016 | 08:27 EDT
As previously reported, BofA/Merrill downgraded MasterCard to Neutral from Buy. Analyst Kenneth Bruce said US consumers are in a decent financial position, but may be at risk of a material domestic slow-down, which could pressure valuations. The analyst thinks MasterCard's valuation is somewhat stretched with its multiple at its highest level since 2008 and lowered his price target to $92 from $105 on shares.
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