MasterCard (MA) PT Raised to $298 at Stephens Following 3Q
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Price: $573.72 -0.1%
Rating Summary:
43 Buy, 4 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 9 | New: 24
Rating Summary:
43 Buy, 4 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 9 | New: 24
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Stephens analyst Brett Huff raised the price target on MasterCard (NYSE: MA) to $298.00 (from $293.00) while maintaining a Overweight rating following the company's 3Q earnings report. Huff continues to think the fundamentals of the card network market are very compelling and support a bullish view.
Stephens raised net revenue estimates from $4,345.7 mil. to $4,399.9 mil. vs. the Street's $4,397 mil. EPS estimate was lowered from $1.93 to $1.85 vs. the Street's $1.89.
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