Jefferies Raises Numbers On MasterCard (MA)

Jefferies lifted estimates and its price target on Buy-rated MasterCard (NYSE: MA) from $384 to $401 following strong Q3 results.

The firm raised Q4 EPS estimates from $4.78 to $5.63, FY11 from $17.53 to $18.52 and FY12 from $20.17 to $21.10.

The firm comments, "3Q outperformance in key operating metrics such as GDV (across all regions) cross-border vols, and processed transactions will likely further buoy investor sentiment on the stock. Tougher cross-border y/y comps and the anniversarying of some key '10 wins, however, mean that 3Q likely represents F11's peak, with 4Q coming at less dazzling levels."


For more ratings news on MasterCard click here and for the rating history of MasterCard click here.

Shares of MasterCard closed at $357.66 yesterday.

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