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Fly News Breaks for September 8, 2017
MA
Sep 8, 2017 | 08:04 EDT
Credit Suisse analyst Moshe Orenbuch raised his estimates for MasterCard after the company increased its revenue expectations at its annual investor day, noting that management highlighted recent momentum in U.S. consumer credit and seems prepared to displace current ACH competition in Europe. Orenbuch upped his price target on MasterCard to $145 from $128 and keeps an Outperform rating on the shares.
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