Goldman Sachs Upgrades Mastercard (MA) to Buy
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Goldman Sachs upgrades Mastercard (NYSE: MA) from Neutral to Buy with a $275 price target, citing overseas growth which will insulate the company from U.S. credit weakness. The firm said the recent pullback is overdone and recommend buying the shares.
Shares of Mastercard clsoed at $237.91 yesterday.
MasterCard Incorporated, together with its subsidiaries, provides transaction processing and related services to customers principally in support of their credit, deposit access, electronic cash and automated teller machine payment card programs, and travelers cheque programs.
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