Oppenheimer analyst Dominick Gabriele downgraded Discover Financial Services to Perform from Outperform without a price target. The analyst sees limited upside in the shares following the rally year-to-date now that his estimates are in-line with the consensus. While Discover's loan growth "could speed back up" and credit could be slightly better in 2019 relative to expectations, the stock's recent outperformance reflects this, Gabriele tells investors in a research note.
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