Keefe, Bruyette & Woods Reiterates Outperform on Discover (DFS)

Keefe, Bruyette & Woods is out with a research report this morning, where it reiterates its Outperform rating on Discover Financial Services

; it has a $20.00 price target on the stock. The KBW analysts cited a recent meeting with company management for the reiteration. Discover is a leading credit card issuer and electronic payment services company in the United States. The company is one of only two credit card issuers with its own U.S. payments network and the only issuer whose wholly-owned network operations include both credit and debit functionality.