Topeka Capital Starts MasterCard (MA) at Hold
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Rating Summary:
38 Buy, 5 Hold, 1 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Topeka Capital initiated coverage on MasterCard (NYSE: MA) with a Hold rating and a price target of $87.00.
Analyst John T. Williams said, "MA’s model remains quite defensible, driven by favorable secular trends and high operating leverage, though we believe a combination of slowing consumer spending in some markets, FX headwinds, and full valuation limit near-term upside. Our forecasts call for low teens revenue growth and high-teens EPS growth over the next three years. For 4Q 2014, we expect revenue 2% below consensus and in line EPS. For 2015, we are in line with Consensus for both revenue and 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 $84.85 yesterday.
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