Mastercard: Jefferies initiates coverage with 'buy' rating
(CercleFinance.com) - Jefferies has initiated its coverage of the Mastercard stock with a 'buy' rating and a target price of 235 dollars, believing that the second largest payment network in the world "stands to benefit from secular growth driven by the continued shift to electronic payment forms".
"With recent acquisitions as well as internal initiatives, Mastercard's growth opportunities have expanded into more than simply a card-based network and we believe the B2B Hub, Mastercard Send, and Vocalink all represent key competitive advantages," the broker believes.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
"With recent acquisitions as well as internal initiatives, Mastercard's growth opportunities have expanded into more than simply a card-based network and we believe the B2B Hub, Mastercard Send, and Vocalink all represent key competitive advantages," the broker believes.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.