Mastercard (MA) is trading slightly lower at $552.65 (-0.16%), mirroring a broader market downturn driven by recession fears and weak labor data, despite recent positive analyst coverage.
- TD Cowen recently maintained its 'Buy' rating and slightly raised its price target to $671.
- Cantor Fitzgerald initiated coverage on MA with an 'Overweight' rating and a $650 price target.
- The minor decline aligns with a general tech sell-off, with the S&P 500 down 0.98% today.