MasterCard (MA) PT Raised to $298 at Stephens Following 3Q

Stephens analyst Brett Huff raised the price target on MasterCard (NYSE: MA) to $298.00 (from $293.00) while maintaining a Overweight rating following the company's 3Q earnings report. Huff continues to think the fundamentals of the card network market are very compelling and support a bullish view.

Stephens raised net revenue estimates from $4,345.7 mil. to $4,399.9 mil. vs. the Street's $4,397 mil. EPS estimate was lowered from $1.93 to $1.85 vs. the Street's $1.89.

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