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Enter Symbol:
Rating: DFS
Outperform $67
down 26.00 %

Discover Financial Services (NYSE: DFS) reiterated to Outperform with price target $67 by Oppenheimer

Thursday,  Jan 28, 2016  12:25 PM ET by Betsy O'Brien Harrison

Oppenheimer reiterated Discover Financial Services (NYSE: DFS) to Outperform with price target $67. Previously Oppenheimer reiterated Discover Financial Services (NYSE: DFS) to Outperform with price
target $69 on 10/22/2014, when the stock price was $61.41. Since then, Discover Financial Services's stock price has lost 26% as of 01/28/2016's recent price of $45.44.
If you would have followed the previous Oppenheimer's recommendation on DFS, you would have lost 26% of your investment in 463 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.

OppenheimerFunds, Inc. has been helping investors achieve their financial goals since 1960. We are one of the nation's largest and most respected asset management companies. At OppenheimerFunds, we believe that in order for you to reach your financial goals, your investments must perform. That is why investment excellence—over the long term and across the range of our products—is our highest priority. OppenheimerFunds and its controlled affiliates offer a broad range of products and services to individuals, corporations and institutions, including mutual funds, separately managed accounts, investment management for institutions, hedge fund products, qualified retirement plans and subadvisory investment-management services.



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