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Fly News Breaks for December 5, 2018
MA
Dec 5, 2018 | 08:01 EDT
After MasterCard announced a 33% dividend increase and authorized a new $6.5B share buyback program, Wedbush analyst Moshe Katri said the capital return plans show the company's confidence in its "resilient business model." The analyst, who continues to view MasterCard as a defensive name with various "protection buffers" for both revenue growth and earnings, maintains an Outperform rating and $220 price target on the shares.
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