Goldman Sachs Says Buy Mastercard (MA)

Goldman Sachs is out with a note on Mastercard MA. It has a Buy rating on shares. In a note to investors, Goldman writes, "We remain bullish on MA (Buy) and V (Buy) following strong March 2011 quarter results, which support our view that both companies remain uniquely positioned to benefit from long-term global volume drivers. Coming out of the March quarter results we highlight three top takeaways that support our positive view: (1) we believe that the networks have a range of tools at their disposal including incentives, which should help preserve volume growth in a post-Durbin world; (2) increased commitment to shareholder friendly capital allocation; and (3) robust global volume growth for payments and transaction volume." Shares of MA lost $2.10 yesterday to close at $280.00, a loss of 0.74%.