MasterCard initiated with "market perform"

28.02.08 - Avondale Partners

NEW YORK, February 28 (newratings.com) - Analyst Timothy Willi of Avondale Partners initiates coverage of MasterCard Inc (MA) with a "market perform" rating. The target price is set to $195.

In a research note published this morning, the analyst mentions that the rating reflects concerns surrounding the domestic consumer environment. MasterCard has a stellar business model and the company is operating in an industry with robust global secular growth trends, Avondale Partners adds.