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Fly News Breaks for June 14, 2016
V, MA
Jun 14, 2016 | 08:50 EDT
Baird noted the Street has favored Visa (V) over MasterCard (MA) due to the Visa Europe acquisition, but they said they like MasterCard in the short-term, believing it is due for a catch-up trade due to its three-year low relative valuation. The firm also sees upside to estimates for MasterCard, as well as margins upside. Baird reiterated its Outperform rating and $115 price target on MasterCard shares.
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