Credit card issuer MasterCard Inc ( MA ) on Tuesday caught some further bullish commentary from analysts at Jefferies & Co.
The firm maintained its "Buy" rating on MA and lifted its price target to $521, suggesting a 21% upside to the stock's Monday closing price of $430.26. Jefferies also boosted its earnings estimates for the company, citing strong card volume metrics.
MasterCard shares rose $4.62, or +1.1%, in morning trading Tuesday.
The Bottom Line
Shares of Mastercard ( MA ) have a .28% dividend yield, based on last night's closing stock price of $430.26. The stock has technical support in the $416-$420 price area. The shares are trading near all-time highs.
MasterCard Inc ( MA ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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