J.P. Morgan Maintains Neutral Rating on Discover Financial

According to J.P. Morgan, Discover Financial 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.