Barclays Reiterates an 'Overweight' on MasterCard (MA); Positioned for Solid 2012

May 3, 2012 3:59 PM EDT
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Price: $108.40 -0.28%

Rating Summary:
    23 Buy, 9 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 11
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Barclays reiterates an 'Overweight' on MasterCard (NYSE: MA) price target of $480.00.

Analyst, Darrin D. Peller, said, "Overall, we view the strength in underlying drivers
(with volume and transaction growth metrics in 1Q12 broadly ahead of our
estimates) as further illustrating MA's sound positioning in what remains an industry of strong secular growth..."

Peller sees several variables to slow strong revenue growth in 2012, but believe these issues are well accounted for on The Street (estimates). Barclays raises FY12 EPS estimate from $22.17 to $22.40, maintains FY13 at $26.35.

For an analyst ratings summary and ratings history on MasterCard click here. For more ratings news on MasterCard click here.

Shares of MasterCard closed at $451.45 yesterday.

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