Credit card issuer Discover Financial Services (
) on Thursday caught some bullish commentary from analysts at
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
The Bottom Line
Shares of Discover Financial Services (
) 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 (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
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, as well as a detailed explanation of
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