Jefferies Assumes Discover Financial (DFS) at Buy

Article Stock Quotes (1) Comments (0)

Jefferies assumes coverage on Discover Financial (NYSE: DFS) with a Buy rating and $28 price target (up from $18).

The firm comments, "DFS's early stage delinquencies and roll rates continue to improve, outpacing all other credit card trusts. Although we view the current early stage delinquencies and loss severities as unsustainable over the long term, we are projecting DFS to have the longest runway prior to credit normalization out of all major credit card lenders."

For more ratings news on Discover Financial click here and for the rating history of Discover Financial click here.

Shares of Discover Financial closed at $22.26 yesterday, with a 52 week range of $16.12-$27.92.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• UPDATE: BTIG Starts ING U.S (VOYA) at Buy, Shares 'Significantly Undervalued'
• Northland Securities Starts World Energy Solutions (XWES) at Outperform
• Stifel Nicolaus Resumes Alliant Techsystems (ATK) at Hold

Create E-mail Alert Related Categories

New Coverage

Related Entities

Jefferies & Co

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?