STOCKS | Multiple Firms Raise Mastercard Price Targets

Raymond James raised its price target on Mastercard to $726 from $632; JPMorgan lifted its target to $755 from $720; Royal Bank of Canada raised its target to $742 from $696; and Susquehanna increased its target to $740 from $665. According to Sina Finance, Mastercard reported strong quarterly results in its payments network business on Thursday, with profit exceeding market expectations. Consumer spending remained resilient despite persistent concerns about elevated inflation and economic uncertainty.