MasterCard price target raised to $520 from $504 at JPMorgan

JPMorgan raised the firm’s price target on MasterCard (MA) to $520 from $504 and keeps an Overweight rating on the shares. The analyst expects the Q1 results for both MasterCard and Visa (V) to be within guidance range and for both to maintain their macro tone calling for stability. The firm remains positive on both stocks on an absolute basis, and maintains a slight preference for MasterCard into the results. The company remains less exposed to key investor concerns, namely U.S. growth, debit interchange headline risk and online routing worries, the analyst tells investors in a research note.