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Enter Symbol:
 
Discover Financial Services (DFS) [hlAlert]

Rating:
Mkt Perform
DFS

Discover Financial Services (DFS) downgraded to Mkt Perform with price target $42 by FBR Capital

Posted on: Friday,  Dec 21, 2012  8:25 AM ET by FBR Capital

FBR Capital rated Mkt Perform Discover Financial Services (NYSE: DFS) on 12/21/2012. Previously FBR Capital rated Outperform Discover
Financial Services (NYSE: DFS) on 09/28/2012., when the stock price was $39.58. Since then, Discover Financial Services has lost 4.09% of its value until FBR Capital rated DFS Outperform on 12/21/2012, when the price was $37.96. .

Discover Financial Services (DFS) is a credit card issuer and electronic payment services company. DFS is also engaged in payments processing. Its business segments include U.S. Card and Third-Party Payments. U.S. Card segment includes Discover Card-branded credit cards issued over Discover?s card network (the Discover Network), and consumer lending and deposit products offered through its subsidiary, Discover Bank. Third-Party Payments segment includes PULSE Network (PULSE), an automated teller machine (ATM), debit and electronic funds transfer network; Diners Club International (Diners Club), and its third-party business. On March 31, 2008, DFS sold its United Kingdom credit card business (Goldfish) to Barclays Bank PLC. On June 30, 2008, the Company acquired Diners Club International. In July 2008, DFS announced the opening of a new subsidiary, Discover Information Technology (Shanghai) Ltd., in the People?s Republic of China, to support its data analysis and modeling operations.

FBR Capital uses a highly disciplined analysis focused on intrinsic value, which we developed to critically examine the capital structure of the companies we cover, as well as their competitive positions and the growth opportunities within their industries. We apply this discipline – which helps us assess how effectively a company’s managers deploy the capital entrusted to them – not only in our published research but also when making investing and underwriting judgments.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/22/2014 8:25 AM Buy
None
61.41 70.00
as of 12/31/2012
1 Week   
1 Month down  -8.77 %
3 Months down  -4.45 %
1 YTD up  58.16 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/24/2014 8:25 AM Buy
None
54.49 65.00
10/22/2013 8:25 AM Buy
None
52.42 57.00
7/24/2013 8:25 AM Buy
None
50.67 55.00
3/13/2013 8:25 AM Buy
None
42.77 48.00
12/21/2012 8:25 AM Hold
None
37.96 42.00
9/28/2012 8:25 AM Buy
None
39.58 44.00
3/14/2012 9:25 AM Buy
None
32.39 39.00
6/24/2011 8:25 AM Buy
None
24.11 30.00
3/23/2011 8:25 AM Buy
None
23.29 25.00
12/31/2010 8:25 AM Buy
None
18.19 22.00
9/18/2009 10:25 AM Buy
None
15.99 19.00
8/3/2009 8:25 AM Buy
None
12.14 14.00
5/28/2009 8:25 AM Buy
None
8.88 11.00

(*) Stock Price at the time of the recommendation.
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