Discover Financial (DFS) PT Lifted to $70 at Jefferies Following Meetings

September 1, 2016 7:19 AM EDT
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Price: $55.86 +0.92%

Rating Summary:
    21 Buy, 10 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 25 | Down: 28 | New: 31
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Jefferies analyst John Hecht reiterated a Buy rating and bumped its price target on Discover Financial (NYSE: DFS) to $70.00 (from $66.00) following recent meetings with investors and DFS' IR.

Hecht commented, "The focus of meetings centered around credit demand and quality as well as competitive dynamics within the general-purpose issuers. We continue to believe DFS is one of the best-positioned names among general-purpose issuers and are encouraged by its focus on prudent growth, consistent underwriting and credit performance, and efficiencies."

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 $60.00 yesterday.

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