Discover Financial (DFS) Numbers Raised at Jefferies Following Q2 Earnings

Jefferies analyst Daniel Furtado raised estimates and his price target on Discover Financial (NYSE: DFS) from $49 to $57 following Q2 results but stopped short of upgrading the stock and maintained a Hold rating.

Furtado comments, "DFS printed 2Q results slightly higher than Street numbers largely on better provision expense. Credit continues to perform better than expectations, helping to slightly raise our forward EPS estimates."

The fir raised Q3 EPS from $1.22 to $1.24, FY 2013 EPS from $4.94 to $4.95 and FY 2014 EPS from $4.96 to $4.99.

For an analyst ratings summary and ratings history on Discover Financial click here. For more ratings news on Discover Financial click here.

Shares of Discover Financial closed at $50.71 yesterday.

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