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

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.
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