UPDATE: Baird Equity Research Reiterates Neutral Rating, Raises PT on MasterCard on Balanced Risk/Reward Ahead of Q3 Results

In a report published Monday, Baird Equity Research analyst David J. Koning reiterated a Neutral rating on

, and raised the price target from $690.00 to $800.00. In the report, Baird Equity Research noted, “We view risk/reward as balanced heading into Q3 results. We expect Q3 results to be slightly above consensus (consistent with historical execution). We continue to look for a pullback to get more constructive, as long-term trends remain favorable.” MasterCard closed on Friday at $723.78.