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Stock Market & Financial Investment News

News Breaks
January 24, 2014
08:26 EDTDFSDiscover provides best value in credit card space, says Susquehanna
Susquehanna believes Discover provides the best value in the credit card space following Q4 results. The firm sees rising NIM and industry leading receivables growth in 2014 which will allow the company to further distance itself from its peers. Shares are Positive rated with a $58 price target.
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September 24, 2015
06:50 EDTDFSAmerican Express price target lowered to $70 from $85 at Jefferies
Jefferies analyst John Hecht says that even with the recent selloff, shares of American Express do not offer "compelling rewards" at current levels. Hecht believes AmEx is nearing saturation in its core demographic, the highly-affluent consumer, and views the Costco (COST) loss as a "significant challenge to overcome." American Express remains the industry leader in terms of rewards, but the gap to competitors has narrowed, Hecht tells investors in a research note. The company faces "several discrete headwinds" over the coming quarters, the analyst concludes. He cut his price target for AmEx shares to $70 from $85 and keeps a Hold rating on the name. The credit card provider closed yesterday down 8c to $75.63. Hecht has Buy ratings on card peers Discover (DFS) and Synchrony Financial (SYF).

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