February 08, 2013 at 09:44 AM EST
Credit Suisse Upgrades Discover to “Outperfrom” (DFS)

Credit Suisse reported on Friday that they have increased their rating for payment services company, Discover Financial Services(DFS).

The firm has upgraded DFS from “Neutral” to “Outperform,” and has given the company a $47 price target. This price target suggests a 16% upside from the stock’s current price of $39.35.

Analysts have upgraded the stock due the company’s ability to achieve the highest amount of growth in the industry with the lowest valuation.

Discover shares were up 87 cents, 2.21% during Friday morning trading. The stock has increased 39% in the past year.

The Bottom Line
Discover Financial Services(DFS) have a 1.42% yield, based on Thursday’s closing price of $39.35.

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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