UBS Upgrades MasterCard (MA) to Neutral

UBS upgraded MasterCard (NYSE: MA) from Sell to Neutral and raised its price target from $425 to $519.

The firm comments, "We are upgrading MA to Neutral. Shares have modestly underperformed YTD (+4.4% vs. the S&P 500 +9.0%) and we believe intact long-term guidance, operating leverage, a modest dividend, and capital allocation options (i.e., buybacks) will provide a floor—despite slower global spending growth trends."

For an analyst ratings summary and ratings history on MasterCard click here. For more ratings news on MasterCard click here.

Shares of MasterCard closed at $512.91 yesterday.

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