MasterCard (MA) Bullish Stance Reiterated at Jefferies Following Management Meetings

Jefferies analyst Jason Kupferberg reiterated a Buy rating and $94 price target on MasterCard (NYSE: MA) following meetings with management.

Kupferberg commented, "Yesterday we met with MA management and emerged with multiple key takeaways: 1) MA is generally bullish on US consumer spending, 2) refreshed long-term guidance probably won't come until mid-late 2015, 3) Apple Pay may see more initial success with in-app payments than in-store, 4) tokenization is unlikely to become a meaningful new revenue driver."

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 $88.77 yesterday.

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