Seeking Alpha

Argus initiates coverage on Discover Financial (DFS -1.1%) with a Buy rating and $40 price...

Argus initiates coverage on Discover Financial (DFS -1.1%) with a Buy rating and $40 price target. Though the company flew a bit below the radar this week after bigger names grabbed the headlines over the Fed stress test, it also hit the streets running after passing the central bank's scrutiny with a newly announced $2B buyback plan and $0.10 quarterly dividend.
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