Goldman Sachs has reiterated its Buy rating on Mastercard Inc. MA “given strong secular payments drivers, a diverse international mix, and operating leverage, all of which we expect to drive average EPS growth of 20% through 2012.”
“With MA's shares trading at 15.2X our CY11 EPS estimate, we believe fundamentals continue to take a back seat to regulatory questions, as the Fed decides on the final rules for debit interchange and exclusivity,” Goldman Sachs writes.
Mastercard closed Friday at $249.08.
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Posted In: Analyst RatingsData Processing & Outsourced ServicesGoldman SachsInformation Technologymastercard
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