Mizuho analyst Dan Dolev maintained Mastercard Inc. with a Buy, cut the price target from $435 to $375, maintained Visa Inc. with a Neutral, and lowered the price target from $235 to $215.
The revival of the highly lucrative cross-border volumes following the COVID-19 shock to the travel industry remains a significant component of the medium-term bull thesis for both Visa and Mastercard, as per Dolev.
