UPDATE: Jefferies Reiterates Buy Rating, Raises PT on MasterCard on Positive Outlook

In a report published Friday, Jefferies analyst Jason Kupferberg reiterated a Buy rating on

, and raised the price target from $623.00 to $683.00. In the report, Jefferies noted, “On balance, the leading indicators we track for Buy-rated V/MA trended positively for C2Q, which should bode well for both networks to deliver a solid print. That said, the stocks have had big runs and therefore the quarter may not be too much of a catalyst. We raise our estimates and price targets for V and MA, and maintain our modest preference for V.” MasterCard closed on Thursday at $596.92.