Jefferies Trims Numbers on MasterCard (MA), Maintains Buy
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Price: $583.14 -0.29%
Rating Summary:
11 Buy, 11 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 28 | New: 13
Rating Summary:
11 Buy, 11 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 28 | New: 13
Trade MA Now!
Jefferies trimmed estimates and its price target on MasterCard (NYSE: MA) to $507.00 (from $521.00) following meetings with management. The firm maintained their Buy rating.
The firm notes key takeaways from meetings: "1) FX and macro remain risks in Europe (we adjusted ests for former, and latter may be more evident in 2H), 2) mobile investments have multi-year payback and traction is more likely outside US, 3) merchant litigation settlement could include modest/temporary credit interchange cut, 4) M&A pace may increase."
FY12 EPS goes form $21.98 to $21.30 and FY13 goes from $25.86 to $25.20.
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 $417.75 yesterday, with a 52 week range of $264.87-$466.98.
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The firm notes key takeaways from meetings: "1) FX and macro remain risks in Europe (we adjusted ests for former, and latter may be more evident in 2H), 2) mobile investments have multi-year payback and traction is more likely outside US, 3) merchant litigation settlement could include modest/temporary credit interchange cut, 4) M&A pace may increase."
FY12 EPS goes form $21.98 to $21.30 and FY13 goes from $25.86 to $25.20.
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 $417.75 yesterday, with a 52 week range of $264.87-$466.98.
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