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Morgan Stanley Boosts Target, Estimates for Mastercard (MA)

By Dividend.com,  June 21, 2012, 08:47:01 AM EDT

Credit card issuer MasterCard Inc. ( MA ) on Thursday caught some bullish commentary from analysts at Morgan Stanley.

The firm maintained its "Overweight" rating on MA and lifted its price target to $535. That new target suggests a healthy 25% upside to the stock's Wednesday closing price of $428.81.

Morgan Stanley also increased its earnings estimates for MA through 2014, citing multiple potential growth drivers.

MasterCard shares were mostly flat in premarket trading Thursday.

The Bottom Line
Shares of MasterCard ( MA ) have a .28% dividend yield, based on last night's closing stock price of $428.81. The stock has technical support in the $410-$420 price area. If the shares can firm up, we see overhead resistance around the $440 price level.

MasterCard Inc. ( MA ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: MA



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