MasterCard (MA): Raising PT - Stifel

October 31, 2016 8:21 AM EDT
Get Alerts MA Hot Sheet
Price: $108.53 -0.12%

Rating Summary:
    23 Buy, 9 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 23 | Down: 34 | New: 34
Trade MA Now!
Join SI Premium – FREE

News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.

Stifel analyst, Christopher Brendler, reiterated his Buy rating on shares of MasterCard (NYSE: MA) and raised his price target to $116 from $114 despite recently shifting his top pick to Visa (NYSE: V).

The analyst believes the strong results suggest MA may deserve a premium for its superior top line growth especially since MA is superior in terms of net revenue yield which may reflect more aggressive pricing and discipline on contract renewals.

The analyst still prefers Visa on valuation and multiple tailwinds, but he is increasingly confident in MA's organic top line growth and our above-consensus views. The new target price of $116 is based on a consistent 27x 2017 EPS.

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 $106.90 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change, Analyst PT Change

Related Entities


Add Your Comment