This morning, Citigroup upgraded shares of MasterCard (NYSE:MA) from neutral to buy as the risks related to new regulation are manageable, while consumer spending remains firm. With the upgrade, Citigroup set a price target of $525 per share.
In morning trading, shares of MasterCard were higher, gaining 1.2% so far.
And Deutsche Bank raised its price target on shares of Apple (NASDAQ:AAPL) to $850 citing strong sales of the iPhone 5 this past week. With the higher price target, Deutsche Bank upped its EPS estimates and reiterated its buy rating.
Shares of Apple were once again above the $700 mark, gaining 0.8% today.
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