Market Overview

Why Discover Financial's Stock Is Trading Higher Today

Share:

Discover Financial Services (NYSE: DFS) shares are trading higher on Monday after Morgan Stanley maintained its Overweight rating on the stock and raised its price target from $56 to $58 per share.

Discover Financial Services is a bank operating in two distinct segments: direct banking and payments. The company issues credit and debit cards and provides other consumer banking products including deposit accounts, student loans, and other personal loans. In addition, it generates revenue from payments processed on the Discover network. The Discover Network is the third-largest payment network as ranked by overall merchant acceptance, trailing Visa and Mastercard.

Discover shares were trading up 0.86% at $61.14 on Monday. The stock has a 52-week range between $92.98 and $23.25.

Latest Ratings for DFS

DateFirmActionFromTo
Nov 2020Morgan StanleyDowngradesOverweightEqual-Weight
Nov 2020B of A SecuritiesMaintainsNeutral
Oct 2020Morgan StanleyMaintainsOverweight

View More Analyst Ratings for DFS
View the Latest Analyst Ratings

 

Related Articles (DFS)

View Comments and Join the Discussion!

Posted-In: why it's movingNews Price Target Analyst Ratings

Latest Ratings

StockFirmActionPT
MRTXHC Wainwright & Co.Maintains257.0
NVDATruist SecuritiesMaintains672.0
NVDASusquehannaMaintains625.0
BLKBMO CapitalMaintains715.0
BLKDeutsche BankMaintains838.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com