Morgan Stanley Overweight On MasterCard

Morgan Stanley is out with a research report on MasterCard MA and it has an Overweight rating and a $325 price target on shares. In a note to clients, Morgan Stanley writes, "We recently spent time on the road with MA's CEO Ajay Banga, visiting multiple investors and renewing our optimism that MA is well-positioned to post sustainable, above-industry-average top and bottom-line growth going forward. Ajay's mandate upon taking the helm was to empower, foster a sense of urgency and take risks, and our meetings offered clear evidence that management is not deviating from this approach. Over the last year we've seen multiple customer wins, acquisitions, a re-allocation of personnel, bolstered domestic and International growth platforms and enviable financial performance, all while navigating a very dynamic (and distracting) regulatory backdrop. While the stock's 42% TTM return is a testament to this performance, we are confident there is more to come that will continue to ignite investor interest in the name." Shares of MA lost $21.31 yesterday to close at $304.91.