MasterCard price target raised to $526 from $500 at RBC Capital

RBC Capital raised the firm’s price target on MasterCard to $526 from $500 and keeps an Outperform rating on the shares. The company’s Q2 illustrates the power and durability of its business model, with the key points from the quarter including value-added services having accelerated about 400bps from Q1 while supporting the continued mix shift to less cyclical revenues, the analyst tells investors in a research note.