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Fly News Breaks for January 26, 2018
DFS
Jan 26, 2018 | 08:06 EDT
Argus analyst Stephen Biggar raised his price target on Discover to $90 and kept his Buy rating after a Q4 earnings beat. Biggar notes the 9% growth in average loans amid a strong credit card environment as well as the management's upgraded view of 7%-9% growth this year. The analyst warns that higher net charge-offs bear watching, but believes the healthy employment environment and less aggressive promotions will minimize the losses.
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