MasterCard price target raised to $660 from $600 at UBS

UBS analyst Timothy Chiodo raised the firm’s price target on MasterCard (MA) to $660 from $600 and keeps a Buy rating on the shares. MasterCard delivered another stable-strong quarter, with purchase volumes up 13% year over year driven by an acceleration across the board, the analyst tells investors in a research note. MasterCard guided Q1 organic foreign exchange neutral revenue to low-teens growth, which suggests only a minimal deceleration throughout the year, the firm says.