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Stock Market & Financial Investment News

News Breaks
April 29, 2014
08:03 EDTMA, TGTTarget: REDcard portfolio to be enabled with MasterCard's chip-and-PIN solution
Target (TGT) announced a significant new initiative as part of the companyís accelerated transition to chip-and-PIN-enabled REDcards. Beginning in early 2015, the entire REDcard portfolio, including all Target-branded credit and debit cards, will be enabled with MasterCardís (MA) chip-and-PIN solution. Existing co-branded cards will be reissued as MasterCard co-branded chip-and-PIN cards. Ultimately, through this initiative, all of Targetís REDcard products will be chip-and-PIN secured. Earlier this year, Target announced an accelerated $100 million plan to move its REDcard portfolio to chip-and-PIN-enabled technology and to install supporting software and next-generation payment devices in stores. The new payment terminals will be in all 1,797 U.S. stores by this September, six months ahead of schedule. In addition, by early next year, Target will enable all REDcards with chip-and-PIN technology and begin accepting payments from all chip-enabled cards in its stores.
News For TGT;MA From The Last 14 Days
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December 18, 2014
14:39 EDTTGTBacker of Internet sales tax to get powerful Senate post
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December 17, 2014
17:47 EDTTGTTarget names Laysha Ward as chief corporate social responsibility officer
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17:44 EDTTGTTarget names Casey Carl as Chief Strategy and Innovation Officer
Target announced that Casey Carl, president, omnichannel and senior vice president, strategy, will assume the role of chief strategy and innovation officer.
08:31 EDTMAVisa MasterCard shares undervalued, says Bernstein
Bernstein believes that the current valuations of Visa (V) and MasterCard (MA) suggests that their payments volumes growth will decelerate to 6%-7% by 2017. The firm disagrees with this view, as it expects the companies to generate double digit volume growth for five to ten more years, Bernstein keeps Outperform ratings on both stocks.
December 16, 2014
10:03 EDTTGTTarget initiated with an Outperform at Cowen
Target $85.
December 8, 2014
14:50 EDTMAVisa price target raised to $295 from $260 at Argus
Argus raised its FY15 and FY16 adjusted EPS estimates for Visa (V) and correspondingly increased its price target on the stock to $295 from $260. The firm, which keeps a Buy rating on Visa, expects rising transaction volume to lead to higher consensus earnings estimates and believes the stock should trade at a higher multiple than peer MasterCard (MA), given its faster EPS growth rate and more consistent earnings performance.
09:04 EDTMAMasterCard, Dynamics announce joint commercial initiative
In conjunction with the Series C funding announcement issued earlier, MasterCard and Dynamics Inc. also announced a joint commercial initiative to drive innovation in the interactive payment card market. The collaboration enables MasterCard to offer exclusive Dynamics products to its issuers globally, providing consumers with added choice, flexibility and security at the point of sale.

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