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Fly News Breaks for October 26, 2016
DFS
Oct 26, 2016 | 07:52 EDT
Oppenheimer analyst Ben Chittenden lowered his price target for Discover to $67 from $75 on valuation after a "somewhat mixed quarter" that was ever so slightly ahead of expectations on a core basis. The analyst reiterates an Outperform rating on the shares as Discover has been "very consistent" with its risk underwriting, focusing on the prime revolver space.
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