May 1, 2008 10:15 AM EDT
This morning, UBS raised their price target on Mastercard (NYSE: MA) from $275 to $350, maintaining a Buy rating, and raised their price target on rival Visa (NYSE: V) from $88 to $100, also maintaining a Buy.
Earlier in the week, both credit card payment processors reported better-than-expected first quarter results due to strong transaction volume.
Shares of MA currently trade at $282.50 and V trades at $84.50.
http://www.streetinsider.com/Analyst...)/3596572.html