Discover Financial Services (DFS) Receives Price Target

Discover Financial Services (DFS) : Currently there are 12 street experts covering Discover Financial Services (DFS) stock. The most bullish and bearish price target for the stock is $75 and $58 respectively for the short term. The average price target of all the analysts comes to $65.67. The estimated standard deviation from the target is $5.45.

Discover Financial Services (DFS) has an average broker rating of 1.31, which is interpreted as a Strong Buy, as rated by 16 equity analysts. Nonetheless, 13 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.


Also, Credit Suisse maintains its rating on Discover Financial Services (NYSE:DFS). The global brokerage major lowers the current price target from $62 per share to $56.98 per share. Analysts at the Credit Suisse have a current rating of Outperform on the shares. The rating by the firm was issued on July 20, 2016.

Discover Financial Services (NYSE:DFS): The stock opened at $60.03 on Thursday but the bulls could not build on the opening and the stock topped out at $60.29 for the day. The stock traded down to $59.19 during the day, due to lack of any buying support eventually closed down at $59.60 with a loss of -0.67% for the day. The stock had closed at $60.00 on the previous day. The total traded volume was 2,552,694 shares.

Discover Financial Services (DFS) is a direct banking and payment services company. The Company is a bank holding company, as well as a financial holding company. The Company provides direct banking products and services and payment services through its subsidiaries. The Company manages its business activities in two segments: Direct Banking and Payment Services. Direct Banking segment includes consumer banking and lending products, specifically Discover-branded credit cards issued to individuals and small businesses on the Discover Network and other consumer banking products and services, including private student loans, personal loans, home loans, home equity loans, prepaid cards and other consumer lending and deposit products. The Payment Services segment includes PULSE, Diners Club and the Companys network partners business, which provides payment transaction processing and settlement services on the Discover Network.

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