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Fly News Breaks for December 11, 2019
MA
Dec 11, 2019 | 07:28 EDT
SunTrust analyst Andrew Jeffrey raised his price target on MasterCard to $340 and kept his Buy rating, saying the company is able to translate its "durable innovation advantage" into market share gains. The analyst expects MasterCard to grow its organic revenue by mid-teens and also expand its total addressable market into growth areas like B2B and cross-border, noting the B2B opportunity is especially promising due to the company's "emerging modalities, including ACH+ and virtual cards".
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