MasterCard price target raised to $490 from $460 at MoffettNathanson

MoffettNathanson analyst Lisa Ellis raised the firm’s price target on MasterCard (MA) to $490 from $460 and keeps an Outperform rating on the shares. The firm says Visa (V) and Mastercard are “such well-loved stocks” that they rarely see their valuations stray too far from their long-term averages and that it is “even more rare to see Visa’s and Mastercard’s stocks drift down to valuation levels low enough that we feel compelled to write a note about it,” but “this is one of those times.”