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BMO Capital analyst Rufus Hone maintained Mastercard Inc (NYSE:MA) with an Outperform and raised the price target from $480 to $490. On Wednesday, Mastercard clocked net revenues of $6.55 billion, up 13% Y/Y, beating the consensus of $6.48 billion. Adjusted EPS rose 20% Y/Y to $3.18, above the consensus of $3.08. Mastercard demonstrated another quarter of double-digit revenue growth, with payment network revenue benefiting from vital cross-border fees, while VAS growth accelerated quarter-on-quarter, the analyst said. Hone noted incrementally less downside risk to Mastercard’s FY24 guide relat…

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