Mastercard received price-target raises from two Wall Street analysts.
In a note to clients, Nomura Instinet analyst Bill Carcache boosted his price target for the credit card company’s shares to $354 from $324. Carcache maintained his buy rating on the stock. The analyst perceives "high secular" growth in Mastercard’s payment networks business.
Bernstein analyst Harshita Rawat increased price target on Mastercard to $355 from $300. Rawat kept an outperform rating on the shares.