Discover Financial’s Target Boosted at FBR Capital (DFS)

Filed in dividend, FBR Capital, Gold Investment, o, shares, target by on December 31, 2010 0 Comments

Credit card issuer Discover Financial Services ( DFS ) on Friday saw its price target raised by analysts at FBR Capital Markets. The firm said it now expects DFS shares to reach $22, which implies a 21% upside to the stock’s Thursday closing price of $18.17. FBR Capital noted the company is focused on boosting its receivables, and could soon raise its quarterly dividend payout. Discover Financial shares rose 8 cents, or +0.4%, in premarket trading Friday. The Bottom Line Shares of Discover Financial ( DFS ) have a .44% dividend yield, based on last night’s closing stock price of $18.17. The stock has technical support in the $16-$17 price area. If the shares can firm up, we see overhead resistance around the $19-$20 price levels. Discover Financial Services ( DFS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Discover Financial’s Target Boosted at FBR Capital (DFS)

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