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Discover Financial Services (DFS) [hlAlert]

Rating:
Buy DFS
up 23.33 %

Discover Financial Services (DFS) rated Buy with price target $40 by Argus

Posted on: Thursday,  Mar 15, 2012  8:25 AM ET by Argus

Argus rated Buy Discover Financial Services (NYSE: DFS) on 03/15/2012, when the stock price was $32.05. Since then, Discover Financial
Services has gained 23.34% of its value until Argus rated DFS Hold on 10/03/2012, when the price was $39.53.
If you would have followed this Argus's recommendation on DFS, you would have gained 23.33% of your investment in 202 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.

Argus Research is an independent research firm, and our business is producing, distributing and marketing high-quality investment and economic research. Our recommendations - BUY, HOLD and SELL - reflect the judgment of an analyst about a company's prospects as an investment in terms of value, expected growth and risks. Argus Research does not bring companies public, advise companies on mergers and acquisitions, broker trades, make markets in stocks or manage money. Our independence allows us to make critical judgments about companies that we might not be so free to make were we competing for a firm's underwriting business. Because we're not a broker/dealer, we don't have "inventory" of a stock that we have to move with a tainted recommendation. We have developed a six-point system for analyzing the stocks in our Universe of Coverage. We believe that this system
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/16/2015 8:25 AM Buy
None
54.51 60.00
as of 12/31/2012
1 Week   
1 Month   
3 Months down  -0.50 %
1 YTD up  23.33 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/3/2012 8:25 AM Hold
None
39.53
3/15/2012 8:25 AM Buy
None
32.05 40.00

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