UPDATE: Jefferies Raises PT on MasterCard on Closing Valuation Gap

In a report published Monday, Jefferies analyst Jason Kupferberg reiterated a Buy rating on MasterCard (NYSE: MA ), and raised the price target from $552.00 to $623.00. In the report, Kupferberg noted, “MA's execution and increasing recent shareholder-friendliness have closed the historical valuation gap with V. While ongoing regulatory concerns