MasterCard (MA) Continue Momentum On Yesterday's Earnings; Wall Street Firms Raise PT's

Shares of MasterCard (NYSE: MA) are trading at $389.90, up $8.33 (+2.18%) in afternoon trading. Yesterday, shares jumped $30 ($351 to $381) after the company reported Q4 earnings that topped consensus estimates by $0.11. Revenues were in-line with expectations.

This morning, Jefferies raised its price target on MA to $438 from $418. Nomura securities reiterated a 'Buy' rating and $500 price target.

Also, today, Barclays raised its price target from $410 to $440.

Barclays analyst, Darrin D. Peller, said, "While headline risk around litigation and regulatory issues will likely persist, and European volume trends will continue to be scrutinized for signs of any possible weakness, given attractive valuation versus long-term metrics we continue to recommend shares of MA and see materially less risk going forward now than prior to the quarter." (Peller raises FY12 EPS estimate from $21.70 to $22.20 and boost FY13 to $26.35)

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 $381.57 yesterday.

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