UPDATE: Goldman Sachs Raises PT to $36 on Discover Financial Services

Goldman Sachs raises its price target to $36, up $1, on Discover Financial Services DFS ahead of Q1. Goldman Sachs says, "Specifically, we look for (1) a reiteration of its financial targets (hit substantially all targets in 2011); (2) further plans to build out its consumer product offerings (mortgage, direct auto); (3) opportunities for network expansion internationally (India) and domestically post Durbin (PULSE); (4) loan growth in a low growth environment; and (5) an update on the success of increased merchant acceptance." DFS closed at $32.05 a share on Friday.