Wolfe Research Upgrades Discover Financial (DFS) to Outperform, 'Rotating Out of ALLY'

Wolfe Research analyst Bill Carcache upgraded Discover Financial (NYSE: DFS) from Peerperform to Outperform with a price target of $104.00.

The analyst comments "We view DFS as a 25% ROTCE generator in normal times and believe recent underperformance fueled by internal control and risk management deficiencies that will ultimately be remediated create a buying opportunity."

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 $88.59 yesterday.

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