Discover Financial Services (DFS) Maintains Outperform Rating
By Benzinga Staff
March 18, 2010 12:33 PM
March 18, 2010 12:33 PM
Symbols: DFS
Analysts Bill Carcache and Tulu Yunus at Macquarie have released an update on Discover Financial Services (NYSE: DFS).
The company hosted its annual investor day on Wednesday in New York, where the company’s management provided ROE and EPS growth targets of 15% plus and 10%, respectively. Analysts believe that Discover Financial Services is well positioned to return capital to shareholders as the macro environment continues to stabilize. At 13.2%, the company had the highest Tier 1 capital ratio in the industry at the end of the fourth-quarter.
Analysts at Macquarie continue to rate Discover Financial Services as Outperform, with a 12-month price target of $19 for the company’s stock.
(c) 2011 Benzinga.com. All rights reserved. This material may not be published in its entirety or redistributed without the approval of Benzinga.
We're Loving
