Cowen Starts MasterCard (MA) at Outperform

Cowen initiates coverage on MasterCard (NYSE: MA) with a Outperform rating and a price target of $110.00.

Analyst George Mihalos commented, "We initiate coverage with an Outperform rating and $110 TP – 25x our 2017 adj. EPS estimate. The strength of MA’s global network business model should allow it to post revenue and EPS growth ahead of payment group peers. Key opportunities include eCommerce/mobile payments, international exposure and commercial cards - all growing double-digit with an addressable market 6-7x MA's volume today."

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 $88.76 yesterday.

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