January 18, 2013 at 09:44 AM EST
Oppenheimer Increases Price Target on Mastercard (MA)

Oppenheimer reported on Friday that they have raised their price target for payment services company, Mastercard Inc(MA) .

The firm, which currently has a “Outperform” rating on MA has increased their price target to $575. This price target suggests a 10% increase from the stock’s current price of $518.02.

Analysts have increased the company’s price target based on solid fundamentals.

Mastercard shares were down -$4.47, or -0.85% during Friday morning trading. The stock has increased 47% in the past year.

The Bottom Line
Shares of Mastercard (MA) have a .23% dividend yield, based on last night’s closing stock price of $523.35. The stock has technical support in the $500-$511 price area. The shares are trading near all-time highs.

Mastercard Inc(MA) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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