- Mizuho analyst Dan Dolev maintained Mastercard Inc (NYSE:MA) with a Buy and lowered the price target from $385 to $380.
- Dolev reiterated Neutral on Visa Inc (NYSE:V) with a $220 price target.
- Both V and MA reported results last week.
- Comparing their three-year U.S. volume share of PCE shows MA is capturing a share above its historical average, whereas Visa is trending below.
- The latter also saw U.S. credit volumes decline sequentially, reversing a multi-year positive trend.
- Dolev updated C4Q and 2023-2024 estimates for both networks.
- The 2023-2024 estimates move slightly higher for V, but not enough to change Dolev’s price target.
- The analyst raised 2022 estimates for MA but trimmed outer-year expectations.
- Price Action: MA shares traded higher by 1.45% at $332.94 on the last check Tuesday.
Sprague Resources LP Announces Amendment To Merger Agreement With Hartree Partners And New Anticipated Closing Timing
PORTSMOUTH, N.H., Aug. 31, 2022 (GLOBE NEWSWIRE) -- Sprague Resources LP (the "Partnership") (NYSE:SRLP) today announced that it has entered into an amendment (the "Amendment") to the agreement and
