Discover’s Target, Estimates Raised at Morgan Stanley on Higher Margins (DFS)

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Credit card issuer Discover Financial Services ( DFS ) on Friday caught some bullish sentiment from analysts at Morgan Stanley.

The firm maintained its "Equal-weight" rating on DFS but lifted its price target to $42. That new target suggests a nearly 6% upside to the stock's Thursday closing price of $39.71.

Morgan Stanley also raised its earnings estimates for the company, citing higher net interest margins.

Discover shares posted small losses in premarket trading Friday.

The Bottom Line
Shares of Discover Financial Services ( DFS ) have a 1.01% dividend yield, based on last night's closing stock price of $39.71. 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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