Jefferies Lifts Numbers on MasterCard (MA), Visa (V) Ahead of Results
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Price: $569.29 +0.40%
Rating Summary:
43 Buy, 4 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
43 Buy, 4 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Jefferies boosted estimates and its price target on both MasterCard (NYSE: MA) and Visa (NYSE: V) ahead of upcoming quarterly results due on 10/31.
"We feel good about our C3Q estimates for both (V may have a little more upside potential), though we acknowledge the stocks have had a great run over the past couple of months, so a solid print/outlook is likely discounted to a large extent already. We continue to view V and MA as core holdings."
On MasterCard, the price target goes from $507 to $552. Q4 EPS goes from $5.65 to $5.87, FY12 goes from $21.14 to $21.58 and FY13 goes from $24.08 to $24.52.
On Visa, the price target goes from $142 to $162. FY13 EPS goes from $7.11 to $7.13.
The firm maintained Buy ratings on both.
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 $475.83 yesterday.
"We feel good about our C3Q estimates for both (V may have a little more upside potential), though we acknowledge the stocks have had a great run over the past couple of months, so a solid print/outlook is likely discounted to a large extent already. We continue to view V and MA as core holdings."
On MasterCard, the price target goes from $507 to $552. Q4 EPS goes from $5.65 to $5.87, FY12 goes from $21.14 to $21.58 and FY13 goes from $24.08 to $24.52.
On Visa, the price target goes from $142 to $162. FY13 EPS goes from $7.11 to $7.13.
The firm maintained Buy ratings on both.
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 $475.83 yesterday.
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