Discover Financial’s Target, Estimates Boosted at Guggenheim; Liking Company’s New Deal and Solid Credit Trends (DFS)

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Credit card issuer Discover Financial Services ( DFS ) on Thursday caught some bullish commentary from analysts at Guggenheim Partners.

The firm reiterated its "Buy" rating on DFS and lifted its price target to $45. That new target suggests a 17% upside to the stock's Wednesday closing price of $38.42.

Guggenheim noted the company's new deal with online processor Paypal should create higher fees. The analyst also said that credit trends remain favorable.


Discover shares posted small losses in premarket trading Thursday.

The Bottom Line
Shares of Discover Financial Services ( DFS ) have a 1.04% dividend yield, based on last night's closing stock price of $38.43. The stock has technical support in the $34 price area. The shares are trading at 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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