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Stifel Nicolaus upgrades Discover Financial (DFS +3.4%) to Buy from Hold with a $29 target...
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Friday, December 16, 2011, 9:58 AM ETStifel Nicolaus upgrades Discover Financial (DFS +3.4%) to Buy from Hold with a $29 target price, saying FQ4 results are further evidence that DFS is outperforming its peers in the credit card industry with strong credit, spending and receivable growth trends. Stifel says the stock pullback is overdone and now presents an attractive entry point; Citigroup's analysis offers a different take.
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