Jefferies Lifts Numbers on MasterCard (MA) Ahead of CQ1 Results
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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: 16
Rating Summary:
43 Buy, 4 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 9 | New: 16
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Jefferies boosted estimates and its price target on Buy-rated MasterCard (NYSE: MA) from $436 to $521 ahead of results on 5/2.
The firm comments, "We share the consensus view that V/MA will print strong C1Q results on 5/2, with the potential for top and bottom-line upside. Unlike last quarter, which included unexpected guidance raises from V/MA, as well as positive commentary on merchant litigation, we don't expect the upcoming print itself to be much of a catalyst. Maintain Buy ratings on V/MA (business model, EPS visibility, manageable regulatory/legal environment, valuation)"
Q1 EPS goes from $5.28 to $5.31, FY12 from $21.66 to $21.95 and FY13 from $25.23 to $25.82.
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 $430.26 yesterday.
The firm comments, "We share the consensus view that V/MA will print strong C1Q results on 5/2, with the potential for top and bottom-line upside. Unlike last quarter, which included unexpected guidance raises from V/MA, as well as positive commentary on merchant litigation, we don't expect the upcoming print itself to be much of a catalyst. Maintain Buy ratings on V/MA (business model, EPS visibility, manageable regulatory/legal environment, valuation)"
Q1 EPS goes from $5.28 to $5.31, FY12 from $21.66 to $21.95 and FY13 from $25.23 to $25.82.
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 $430.26 yesterday.
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