Visa stock sell-off, induced by DOJ suit, creates buying opportunity: Morgan Stanley [Seeking Alpha]
Mastercard Incorporated (MA)
Last mastercard incorporated earnings: 4/29 08:00 am
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investor.mastercard.com/investor-relations/default.aspx
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Source: Seeking Alpha
But Morgan Stanley thinks the correction was an "overreaction" and "represents a compelling buying opportunity as any financial impact to the company is likely to be small," he wrote in a note to clients on Wednesday. "Historically, negative reaction to regulatory headlines have been good buying opportunities," analyst James Faucette noted. The DOJ complaint accused Visa ( V ) of penalizing merchants and banks that opt for alternative payment processing technologies for debit transactions, despite the availability of other options. Visa, in turn, earns extra fees on each transaction processed through its network. Faucette, maintaining his Overweight rating on Visa ( V ), expects the initial trial process likely will persist for multiple years, "with subsequent appeals likely to add a year or more to the total legal process." His Overweight rating diverges from the SA Quant system rating of Hold and aligns with the average SA analyst rating and the average Wall Street analyst r
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MA
Earnings
- 8/1/24 - Beat
MA
Sec Filings
- 9/23/24 - Form 4
- 9/20/24 - Form 144
- 9/18/24 - Form 4
- MA's page on the SEC website