MasterCard initiated with "outperform"

20.02.09 - Robert W. Baird

NEW YORK, February 20 (newratings.com) - Analysts at Robert W Baird initiate coverage of MasterCard Inc (MA) with an "outperform" rating. The target price is set to $205.

In a research note published this morning, the analysts mention that the company?s growth prospects are expected to be driven by robust long-term secular card spending trends and its international exposure. MasterCard?s ability to reduce expenses, raise prices and modify rebates during times of an economic downturn are likely to drive the company?s growth prospects going forward, the analysts add.