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Fly News Breaks for January 25, 2017
DFS
Jan 25, 2017 | 07:59 EDT
Oppenheimer analyst Ben Chittenden raised his price target for Discover to $85 from $67 after the company reported better than expected Q4 results driven by a PPE beat. Not only the analyst thinks Discover core business profitability and growth prospects are improving, but the company also would benefit from tax reform, loosening regulation, and federal student loan market opening up. He reiterates an Outperform rating on the shares.
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