MasterCard (MA) PT Raised to $164 at Piper Jaffray
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Price: $558.56 -1.6%
Rating Summary:
43 Buy, 4 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 7 | New: 37
Rating Summary:
43 Buy, 4 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 7 | New: 37
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Piper Jaffray raised its price target on MasterCard (NYSE: MA) to $164.00 (from $161.00) while maintaining a Overweight rating after the company beat consensus revenue estimates by 3.5% and posted adjusted EPS of $1.34 vs. consensus of $1.23.
Analyst Jason Deleeuw noted strong currency neutral revenue growth of 17% (18% reported) was driven by solid purchase/cross-border volume growth of 11%/15% vs. 9%/14% in 2Q.
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