Loading...
Loading...
JP Morgan maintains its Overweight rating on MasterCard
MA as it believes the company benefits from the ongoing global secular shift towards card-based and electronic systems of payment. It lowers the price target to $431 from $435.
JP Morgan says, "We believe MasterCard is the most compelling large cap growth idea in our payment processing coverage universe. We rate shares Overweight based its reasonable valuation (shares trade at a discount to our multi-year earnings growth rate), our view that the impact from debit interchange reform is manageable, and upside potential to consensus EPS estimates. We prefer MasterCard to Visa as we believe MasterCard has more to gain (than lose) from debit interchange regulation and will exhibit better growth characteristics over the next 12 months."
MA closed at $341.47 per share on Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in