NEW YORK (TheStreet) -- MasterCard
(MA) has had its fiscal 2014 estimates cut to $3 from $3.05, Credit Suisse said Friday. The firm also said Russia represents a manageable contribution.
"Russia's proposed cash collateral requirement would make operating in the country less attractive. One benefit of note is that MA has an onshore processing presence in Russia, which is a positive given the new law is expected to require in-country processing," wrote analysts in the report.
The stock's "outperform" rating and $94 price target were reiterated.
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Separately, TheStreet Ratings team rates MASTERCARD INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate MASTERCARD INC (MA) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value."
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