Discover’s Target, Estimates Raised at Guggenheim (DFS)

By Staff,

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

The firm maintained its "Buy" rating on DFS and boosted its price target to $37, suggesting a nearly 16% upside to the stock's Tuesday closing price of $32.02.

Guggenheim also increased its earnings estimates for the company, citing recent news of additional share buybacks.

Discover shares were unchanged in premarket trading Wednesday.

The Bottom Line
Shares of Discover Financial Services ( DFS ) have a 1.25% dividend yield, based on last night's closing stock price of $32.02. The stock has technical support in the $28-$30 price area. The stock is trading at all-time highs.

Discover Financial Services ( DFS ) is not recommended at this time, holding a 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 Nasdaq, Inc.

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This article appears in: Investing Stocks
Referenced Stocks: DFS

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