- 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.
Critical Metals Secures ~$211M Deal For Tanbreez Rare Earth Mine To Counter China
Critical Metals Corp. (NASDAQ: CRML) has signed an agreement to acquire a controlling interest in the Tanbreez Greenland Rare Earth Mine from Rimbal Pty Ltd. The Tanbreez Project, permitted by the Greenland Government, will enhance the supply of valuable heavy rare earth elements (HREEs) for electrification and next-gen technologies in Europe and North America, offering sustainable and long-term solutions.
