J.P. Morgan Maintains Neutral Rating on Discover Financial

By John Harris
Benzinga Staff Writer
December 13, 2011 9:44 AM

Symbols: DFS

Posted in: Analyst Color, Analyst Ratings

According to J.P. Morgan, Discover Financial (NYSE: DFS) Neutral rating is maintained.

J.P. Morgan said that it is previewing results and adjusting our estimates for Discover prior to the company's FY4Q earnings. “While our long-term outlook remains Neutral, value versus our $27 PT has improved over the past 3 months.”

Discover Financial closed yesterday at $24.21.

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J.P. Morgan Maintains Neutral Rating on Discover Financial

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