Discover price target raised to $66 from $58 at Susquehanna Susquehanna raised its price target on Discover ahead of its Analyst Day. The firm expects to hear incremental details on the network partnerships and potential to surface this asset as well as the company's asset allocation plans. Shares are Positive rated.
Discover announces strategic network service agreement with Elo Discover Financial Services and Elo, a Brazilian credit card brand, announced a strategic agreement that will allow acceptance of Elo Global Cards for international purchases and cash access outside of Brazil on the Discover Global Network, which includes Discover Network, Diners Club International and the PULSE network. The agreement will focus initially on enabling Elo Global Cards to have acceptance in more than 185 countries and territories via the Discover Global Network. Elo and Discover also will collaborate on the integration of Discover's EMV solution, D-PAS, to help ensure safe international transactions and continue to work together on new emerging payment products in the future. Elo will continue to use its own proprietary application for domestic transactions.