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Visa, MasterCard Still Not Getting Enough Credit: OpCo

Oppenheimer's Glenn Greene and Andrew Hummel take a look at both MasterCard (MA) and Visa (V) Tuesday, reiterating Outperform ratings on both stocks ahead of earnings.

Greene and Hummel upped their price target on Visa by $6, to $106, and by $8 on MasterCard, to $133. They write that solid April intra-quarter volume growth, retail sales growth and broadly positive card-issuer volumes all bode well for the upcoming quarter.

More from the note:

US retail spending was solid in 2Q, up 3.9% Y/Y...