Nomura Securities Reiterates “Buy” Rating for Mastercard (MA)

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Nomura Securities reported on Monday that they have reaffirmed a "Buy" rating for global payment company, Mastercard Inc( MA ).

The firm has maintained a "Buy" rating for the company, and has increased its price target by 18% from $500 to $611. This price target suggests a 22% increase from the stock's current price of $476.09.

Following a meeting with the company's management, analyst Bill Carcache stated that Mastercard is a company that will see growth in "any plausible economic scenario."


Carcache also commented, "we walked away from our meetings with even greater confidence in the strength and resilience of MA's earningpower, and we maintain high conviction in the company's ability to continue to deliver EPS growth of ~18% even if we enter a severe global recession."

Mastercard shares were mostly flat during premarket trading Monday. The stock is up 28% YTD.

The Bottom Line
Shares of Mastercard ( MA ) have a .25% dividend yield, based on Friday's closing stock price of $476.09. The stock has technical support in the $457-$460 price area. The shares are trading near all-time highs.

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.

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This article appears in: Investing , Stocks

Referenced Stocks: MA

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