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Fly News Breaks for September 19, 2017
MA
Sep 19, 2017 | 08:56 EDT
Morgan Stanley analyst James Faucette believes MasterCard can deliver slightly accelerating organic revenue growth in 2018, which could be the beginning of an accelerating growth period. While the market is not fully appreciating benefits to MasterCard from factors including the secular shift to e-commerce and e-payments and growing demand for service like fraud detection and remediation, worries about disintermediation are likely overdone, said Faucette, who raised his price target on the stock to $160 from $138 and keeps an Overweight rating on the shares.