Goldman Sachs Reiterates Buy Rating On Mastercard

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.