MasterCard (MA): Raising PT To $128 - BMO
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Rating Summary:
38 Buy, 5 Hold, 1 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
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BMO Capital analyst, James, Fotheringham, reiterated his Outperform rating on shares of MasterCard (NYSE: MA) after 2Q16 core EPS of $0.96 beat consensus of $0.90 by 7%. Higher-than-expected revenues more than offset higher operating expenses. MA's top-line-driven beat was driven by strong (+14% y/y) transaction processing growth (driving higher fees) and "other revenues" (+25% y/y) primarily driven by consulting fees (e.g., from MasterCard Advisors, safety and security services).
The PT jumps to $128 from $120.
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 $96.01 yesterday.
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