Discover (DFS -1.4%) sees no benefit from Nomura raising its target on the Buy-rated stock to...

|About: Discover Financial Services (DFS)|By:, SA News Editor

Discover (DFS -1.4%) sees no benefit from Nomura raising its target on the Buy-rated stock to $54 from $50. The analysts see Discover as poised to outperform whether markets move higher or pull back as they expect loss-reserve builds to be more gradual than the consensus view. $54 represents 11x 2014 expected earnings.