MasterCard International initiated with "outperform" - update

26.05.06 - Morgan Keegan

NEW YORK, May 26 (newratings.com) - Analysts at Morgan Keegan initiate coverage of MasterCard International (MA) with an "outperform" rating.

In a research note published yesterday, the analysts mention that the market share of the company's global signature card is likely to main stable in the near future. MasterCard International is expected to incur litigation costs of $26 per share after tax due to the credit interchange, Amex & Discover, foreign exchange lawsuits, the analysts say. The company is expected to achieve robust revenue growth in the near future due to an increase in charge volume and transaction growth, Morgan Keegan adds.