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Discover Financial Services (DFS) [hlAlert]

Rating:
Hold DFS

Discover Financial Services (DFS) downgraded to Hold by Stifel Nicolaus

Posted on: Tuesday,  Apr 14, 2009  9:25 AM ET by Stifel Nicolaus

Stifel Nicolaus rated Hold Discover Financial Services (NYSE: DFS) on 04/14/2009. Previously Stifel Nicolaus rated Buy Discover
Financial Services (NYSE: DFS) on 03/10/2009., when the stock price was $5.80. Since then, Discover Financial Services has gained 38.28% of its value until Stifel Nicolaus rated DFS Buy on 04/14/2009, when the price was $8.02. .

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.

Stifel Nicolaus research focuses on all market caps, but is a leader in small- and mid-cap research. The department is staffed predominately with industry professionals from outside Wall Street. In fact, approximately 50% of its analysts have hands-on work experience in the industry that they research. Stifel Nicolaus believes industry experience, its opportunistic approach, and broad market cap coverage drive excess returns and its award-winning franchise.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/20/2012 2:25 PM Buy
None
38.21
as of 12/31/2009
1 Week   
1 Month   
3 Months   
1 YTD up  38.27 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/17/2012 8:25 AM Hold
None
39.08
3/20/2012 8:25 AM Buy
None
31.98 39.00
12/16/2011 8:25 AM Buy
None
23.34 29.00
4/14/2009 9:25 AM Hold
None
8.02
3/10/2009 8:25 AM Buy
None
5.80
10/3/2007 9:25 AM Hold
None
21.33

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