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Mastercard Named A “Top Pick” For 2017 At RBC Capital

Thursday, January 5, 2017 5:25
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From StockNews.com: Credit card issuer Mastercard Inc (NYSE:MA) early Thursday received a big upgrade from analysts at RBC Capital Markets.

The firm boosted its rating on MA from Outperform to Top Pick, also lifting its price target on the stock to $130 from a previous $115. That new target suggests a 22% upside to MA’s Wednesday closing price of $106.39 per share.

RBC Capital cited several reasons for the bullish view, including:

  • A cycling out of a period of weak earnings due to the multi based on global economic weakness,
  • A re-acceleration of earnings growth while operational expenditure growth slows,
  • A business model that offers an inflation call option,
  • The company’s recent VocaLink acquisition, which is a new strategic asset, and
  • New innovations that the firm believes will expand MA’s network’s capabilities.

Mastercard Inc shares rose $0.61 (+0.57%) in premarket trading Thursday. Year-to-date, MA has gained 3.04%, versus a 1.36% rise in the benchmark S&P 500 index during the same period.

MA currently has an StockNews.com POWR Rating of A (Strong Buy), and is ranked #1 of 39 stocks in the Consumer Financial Services category.

This article is brought to you courtesy of StockNews.com.

You are viewing an abbreviated republication of ETF Daily News content. You can find full ETF Daily News articles on (www.etfdailynews.com)



Source: http://etfdailynews.com/2017/01/05/mastercard-named-a-top-pick-for-2017-at-rbc-capital/

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