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

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

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.