In a report published Monday, Jefferies analyst Jason Kupferberg reiterated a Buy rating on MasterCard MA, and raised the price target from $552.00 to $623.00.
In the report, Kupferberg noted, “MA's execution and increasing recent shareholder-friendliness have closed the historical valuation gap with V. While ongoing regulatory concerns will likely prevent MA from achieving its peak multiple again (and the company's best days of pricing power are likely over), we see room for upside to 2013/14 consensus estimates and gradual multiple expansion.”
MasterCard closed on Thursday at $538.03.
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Posted In: Analyst ColorPrice TargetAnalyst RatingsData Processing & Outsourced ServicesInformation TechnologyJefferies
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