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Janney downgrades MasterCard (MA -3.7%) and Visa (V -2.2%) to Neutral, predicting consumers will...
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Wednesday, January 4, 2012, 1:58 PM ETJanney downgrades MasterCard (MA -3.7%) and Visa (V -2.2%) to Neutral, predicting consumers will continue to reduce their debt this year and create a "sluggish" environment for growth in credit card companies. The analysts' "best idea" for 2012 in the space is Mitek Systems (MITK -2%), which makes software that allows users to "deposit" checks with their cellphones.
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