MasterCard "market perform," estimates raised

12.02.07 - Morgan Keegan

NEW YORK, February 12 (newratings.com) - Analysts at Morgan Keegan maintain their "market perform" rating on MasterCard Incorporated (MA), while raising their estimates for the company.

In a research note published on February 9, the analysts mention that the company has reported its 4Q06 operating EPS ahead of the estimates and the consensus, primarily due to higher-than-expected revenues and lower-than-anticipated advertising expenses. The operating EPS estimates for 2007 and 2008 have been raised from $3.97 to $4.25 and from $4.63 to $4.94, respectively.