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

Rating:
Hold DFS

Department 56, Inc. (DFS) rated Hold

Posted on: Thursday,  Dec 6, 2007  9:25 AM ET by Sandler O'Neill

Discover Financial Services (DFS)
rated Hold with price target $18 by Sandler O'Neill.

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.

Sandler O’Neill publishes in-depth equity research on approximately 200 financial services companies. Our analysts cover small-, mid- and large-cap banks and thrifts; specialty finance, asset management, credit card and eFinance companies; investment banks and insurers. __ We also publish frequent special reports on regional trends, industry consolidation, mutual-to-stock conversions, and other topics. Our research is especially valuable to smaller issuers that are not widely followed by “bulge bracket” Wall Street firms. Those issuers often have sufficient trading volume to attract institutional interest, yet lack quality coverage. We track larger issuers as well, providing fresh perspectives, independent thinking and deep industry knowledge.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/6/2007 9:25 AM Hold
None
16.53 18.00
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 %

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