UPDATE: Jefferies Raises PT to $521 on Mastercard; LT Guidance Raised

Jefferies raises its price target from $436 to $521 on Buy-rated Mastercard MA as the company updates its long term outlook (2012-2013). Jefferies comments, "On the 4Q earnings call, MA effectively raised its long-term (2011-2013) guidance first provided at the company's 9/15/10 Investor Day, by indicating that the net revenue and EPS guidance (ie, net revenue CAGR of 12-14%, and EPS CAGR of 20%+, both in constant currency), now apply to the last two years of the range (ie, 2012-13, instead of 2011-13 prior. …Given this recent guidance ‚raise‛, we would not expect any further material guidance changes from MA on next week's call." MA closed at $430.26 on Monday.