Deutsche Bank Starts MasterCard (MA) at Buy; Momentum Continues
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Price: $562.26 -1.23%
Rating Summary:
43 Buy, 4 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
43 Buy, 4 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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Deutsche Bank initiates coverage on MasterCard (NYSE: MA) with a Buy. PT $415.00.
Deutsche analyst says, "Capitalizing on the worldwide secular shift (60% of revs outside the US) to electronic payments and combined with its new contract wins, we believe MA is well positioned to continue to outperform. Transaction data through August 2011 showed continued robust transaction growth rates, which were at or above 2Q11 trends. We are not concerned with the Durbin Amendment’s impact on MA and do not expect the company’s growth rate to be affected materially by regulations."
For more ratings news on MasterCard click here and for the rating history of MasterCard click here.
Shares of MasterCard closed at $313.33 yesterday.
Deutsche analyst says, "Capitalizing on the worldwide secular shift (60% of revs outside the US) to electronic payments and combined with its new contract wins, we believe MA is well positioned to continue to outperform. Transaction data through August 2011 showed continued robust transaction growth rates, which were at or above 2Q11 trends. We are not concerned with the Durbin Amendment’s impact on MA and do not expect the company’s growth rate to be affected materially by regulations."
For more ratings news on MasterCard click here and for the rating history of MasterCard click here.
Shares of MasterCard closed at $313.33 yesterday.
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