Deutsche Bank Raises Price Target on MasterCard (MA) to $465

Deutsche Bank raised its price target on Buy-rated MasterCard (NYSE: MA) from $415 to $465 following meetings with management.

The firm comments, "We believe global transaction growth remains solid, spurred by adoption of electronic payments and market share gains ramps in 1Q12 leading numerous share gains in Europe. Taking advantage of the Durbin changes, our channel checks show that MA is winning a material amount of new PIN debit volume which brings low rev yields but solid margins."

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 $406.10 yesterday.

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