UPDATE: Wedbush Color on MasterCard PT Decrease

Wedbush, which lowered its PT on shares of MasterCard (NYSE: MA), is providing some color on the stock.

“We believe MasterCard will continue to grow on the strength of its international business,” Wedbush writes. “However, we believe that the implementation of the Durbin amendment (now that the Tester Bill has failed) will create a drag on U.S. revenue growth based on some price pressure from large issuers, as well as potential volume deceleration resulting from changes to debit programs.”

MasterCard closed Wednesday at $270.