Ahead of the Bell: Visa, MasterCard Upgraded

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NEW YORK - Increased use of credit and debit cards should translate into improved revenue for payment processors MasterCard Inc. and Visa Inc., an analyst said Monday as he lifted his ratings on both of the stocks.



Credit Suisse analyst Moshe Orenbuch raised his rating on both stocks to "Outperform" from "Neutral." Orenbuch increased his price target on MasterCard to $255 from $210. He raised his price target on Visa to $84 from $70.



Visa shares rose $1.51, or 2 percent, to $74.45 in premarket trading. MasterCard stock gained $4.14, or 2 percent to $218.56.



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