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Stock Market & Financial Investment News

News Breaks
March 13, 2013
10:27 EDTDFSDiscover Financial climbs following FBR Capital upgrade
Shares of Discover Financial (DFS), a credit card network, are rising after FBR Capital analyst Scott Valentin upgraded his rating on the stock to Outperform from Market Perform in a note to investors earlier today. After attending Discover's Analyst Day yesterday, Valentin believes that the company's trends are exceeding expectations. Specifically, the company is benefiting from higher credit card usage, more favorable interest trends and lower credit costs, wrote Valentin, who raised his target on the shares to $48 from $42. In a financial community briefing yesterday, Discover predicted that its net interest margin for fiscal 2013 would be above normal levels. The company added that its delinquency rate for February inched down to 1.8% from 1.81% in January, although net charge-offs increased to 2.6% from 1.95%. In mid-morning trading, Discover Financial advanced 85c, or 2%, to $43.
News For DFS From The Last 14 Days
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November 20, 2014
10:02 EDTDFSOn The Fly: Analyst Initiation Summary
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November 19, 2014
16:39 EDTDFSDiscover initiated with a Market Perform at Bernstein
Target $74.
November 17, 2014
08:32 EDTDFSDiscover reports October net charge-offs 1.53% vs. 1.65% last month
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November 13, 2014
10:01 EDTDFSOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: ATK (ATK) downgraded to Hold from Buy at Argus... Adeptus Health (ADPT) downgraded to Hold from Buy at Deutsche Bank... American Woodmark (AMWD) downgraded to Neutral from Buy at Longbow... Avnet (AVT) downgraded to Sell from Neutral at Goldman... Baxano Surgical (BAXS) downgraded to Sell from Buy at Summer Street... Beazer Homes (BZH) downgraded to Neutral from Overweight at JPMorgan... Bristol-Myers (BMY) downgraded to Equal Weight from Overweight at Morgan Stanley... Centene (CNC) downgraded to Market Perform from Outperform at FBR Capital... Cherry Hill Mortgage (CHMI) downgraded to Equal Weight from Overweight at Barclays... Discover (DFS) downgraded to Hold from Buy at Deutsche Bank... Fleetmatics (FLTX) downgraded to Neutral from Buy at BofA/Merrill... Gazprom (OGZPY) downgraded to Neutral from Overweight at JPMorgan... Jabil Circuit (JBL) downgraded to Neutral from Buy at Goldman... LabCorp (LH) downgraded to Hold from Buy at Deutsche Bank... Laredo Petroleum (LPI) downgraded at BMO Capital... Macy's (M) downgraded to Market Perform from Outperform at Wells Fargo... Madison Square Garden (MSG) downgraded to Equal Weight from Overweight at Morgan Stanley... Marvell (MRVL) downgraded to Sell from Neutral at Goldman... Meritor (MTOR) downgraded to Neutral from Overweight at Piper Jaffray... Swedbank (SWDBY) downgraded to Underperform from Sector Perform at RBC Capital... TransGlobe (TGA) downgraded to Sector Perform from Outperform at Scotia Capital... UIL Holdings (UIL) downgraded to Hold from Buy at Argus... Verint Systems (VRNT) downgraded to Fair Value from Buy at CRT Capital... ZAIS Financial (ZFC) downgraded to Equal Weight from Overweight at Barclays.
09:30 EDTDFSDiscover COO says U.S. consumer 'not great'
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05:39 EDTDFSDiscover downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank downgraded Discover (DFS) to Hold with a $68 price target citing valuation and high expectations for loan growth. The firm sees a better risk/reward in shares of Capital One (COF), which it initiated this morning with a Buy.
November 12, 2014
07:28 EDTDFSBofA/Merrill to hold a conference
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