Credit Suisse Raises Target, Estimates for Discover Financial (DFS)

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Credit card issuer Discover Financial Services ( DFS ) on Tuesday caught some positive commentary from analysts at Credit Suisse.

The firm maintained its "Neutral" rating on DFS but raised its price target to $35, suggesting a 15% upside to the stock's Monday closing price of $30.49.

Credit Suisse also raised its earnings estimates for the company through 2014, noting that DFS' credit quality is continually improving.

Discover Financial shares were unchanged in premarket trading Tuesday.

The Bottom Line
Shares of Discover Financial Services ( DFS ) have a 1.31% dividend yield, based on last night's closing stock price of $30.49. The stock has technical support in the $26-$28 price area. The stock is approaching all-time highs.

Discover Financial Services ( DFS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Stocks

Referenced Stocks: DFS

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