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

Rating:
Sell DFS
up 23.60 %

Discover Financial Services (DFS) downgraded to Sell by UBS

Posted on: Monday,  Feb 4, 2008  8:25 AM ET by UBS

UBS rated Sell Discover Financial Services (NYSE: DFS) on 02/04/2008, when the stock price was $16.34. Since then, Discover Financial
Services has lost 19.09% of its value until UBS rated DFS Neutral on 07/01/2008, when the price was $13.22.
If you would have followed this UBS's recommendation on DFS, you would have gained 23.6% of your investment in 148 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.

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in over 50 countries and from all major international centers. UBS employs more than 80,000 people.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/14/2014 11:25 AM Hold
None
54.37 56.00
as of 12/24/2008
1 Week up  6.31 %
1 Month up  50.74 %
3 Months up  21.20 %
1 YTD down  -19.20 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/1/2008 8:25 AM Hold
None
13.22
2/4/2008 8:25 AM Sell
None
16.34
12/4/2007 11:25 AM Hold
None
16.21 20.00
7/2/2007 10:06 AM Hold
None
27.78 30.00
7/2/2007 10:06 AM Hold
None
27.78 30.00

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