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Discover Financial Services (DFS) [hlAlert]

Rating:
Hold DFS
down 22.91 %

Department 56, Inc. (DFS) rated Hold

Posted on: Monday,  Oct 22, 2007  9:25 AM ET by Lehman Brothers

Lehman Brothers rated Hold Discover Financial Services (NYSE: DFS) on 10/22/2007. Previously Lehman Brothers rated Buy Discover Financial Services (NYSE: DFS) on
07/12/2007., when the stock price was $25.53. Since then, Discover Financial Services has lost 22.91% as of 10/22/2007's recent price of $19.68.
If you would have followed the previous Lehman Brothers's recommendation on DFS, you would have lost 22.91% of your investment in 102 days.

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.

Lehman Brothers Holdings Inc. has filed for bankruptcy protection in the U.S.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/22/2007 9:25 AM Hold
None
19.68
as of 12/24/2008
1 Week up  6.31 %
1 Month up  50.74 %
3 Months up  21.20 %
1 YTD down  -39.52 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/12/2007 9:25 AM Buy
None
25.53 28.00

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