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

Rating:
Neutral DFS

Discover Financial Services (DFS) downgraded to Neutral with price target $17 by Sterne Agee

Posted on: Thursday,  Oct 8, 2009  9:25 AM ET by Sterne Agee

Sterne Agee rated Neutral Discover Financial Services (NYSE: DFS) on 10/08/2009. Previously Sterne Agee rated Buy Discover
Financial Services (NYSE: DFS) on 07/15/2009., when the stock price was $10.49. Since then, Discover Financial Services has gained 61.68% of its value until Sterne Agee rated DFS Buy on 10/08/2009, when the price was $16.96. .

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.

For more than a century, Sterne Agee has worked in the belief that succeed only when our clients thrive. For a brokerage firm to survive for more than 100 years is hard enough. One can only thrive that long, though, by ensuring that your clients thrive first. Sterne Agee is one of the oldest and largest privately held brokerage firms left in the industry. Sterne Agee is a member of the New York Stock Exchange, and a registered Broker Dealer. Sterne Agee offers clients all the advantages of a full-service firm, yet retain the flexibility and personal attention that are rarely found in the huge names. Sterne Agee's expertise includes retail and institutional brokerage; investment banking and underwriting; secondary trading of corporate, municipal, and government securities; and market making in over-the-counter stocks.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/7/2009 9:25 AM Buy
None
15.60 19.00
as of 12/31/2009
1 Week up  37.10 %
1 Month up  31.21 %
3 Months up  35.70 %
1 YTD up  92.88 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/8/2009 9:25 AM Hold
None
16.96 17.00
7/15/2009 8:25 AM Buy
None
10.49 13.00

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