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Credit Suisse Upgrades Discover to “Outperfrom” (DFS)

By
February 8th, 2013

Credit Suisse Upgrades Discover to "Outperfrom" (DFS)

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Credit Suisse reported on Friday that they have increased their rating for payment services company, Discover Financial Services(DFS).

The firm has upgraded DFS from “Neutral” to “Outperform,” and has given the company a $47 price target. This price target suggests a 16% upside from the stock’s current price of $39.35.

Analysts have upgraded the stock due the company’s ability to achieve the highest amount of growth in the industry with the lowest valuation.

Discover shares were up 87 cents, 2.21% during Friday morning trading. The stock has increased 39% in the past year.

The Bottom Line
Discover Financial Services(DFS) have a 1.42% yield, based on Thursday’s closing price of $39.35.

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.

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Disclaimer: Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. The author is not registered as an investment adviser. The author may or may not hold positions in the securities mentioned in this article or video. The author relies upon the "publisher's exclusion" from the definition of "investment adviser" as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.