Barclays Reiterates an 'Overweight' on MasterCard (MA); Metrics Provide Increased Confidence Into Q2

Barclays reiterates an 'Overweight' on MasterCard (NYSE: MA) price target of $480.00.

Analyst, Darrin D. Peller, said, "While MA intra-quarter volume and transaction growth metrics through the month of May demonstrated continued resilience in many of the company's key underlying growth drivers, recent data points from U.S. card issuers and merchant acquirers provide us with further confidence in our 2Q12 estimates."

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 $423.15 yesterday.

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