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DFS

Discover

$68.27

-1.315 (-1.89%)

06:19
11/21/18
11/21
06:19
11/21/18
06:19

Discover's Diners partners with Brazil's Elo to launch Elo Diners Club cards

Discover's subsidiary Diners Club International and Elo, a 100% Brazilian payment brand, will extend their partnership with the launch of Elo Diners Club International Cards in Brazil. Elo, whose shareholders are Banco do Brasil, Bradesco and Caixa Economica Federal - extends its partnership with Discover by adding the Diners Club brand to its card portfolio in Brazil. Diners Club Brazil cards, that are issued by Elo, will run on the Discover Global Network. The two companies have worked together since 2015. The first transaction from this deal occurred in 2016 and since then Elo has issued several million Elo Global Cards in the first two years.

DFS Discover
$68.27

-1.315 (-1.89%)

10/16/18
WBLR
10/16/18
NO CHANGE
WBLR
Outperform
Discover undervalued on 'misplaced' credit concerns, says William Blair
The credit concerns that have been weighing on Discover Financial Services' valuation multiple are "misplaced" considering the company's return on equity outlook, "stabilizing" credit trends and "very low" unemployment claims, William Blair analyst Robert Napoli tells investors in a research note. The analyst believes credit has been well controlled and that Discover has significant long-term growth opportunities in its core card and student loan businesses. He finds the stock undervalued and current levels and keeps an Outperform rating on the name.
10/02/18
10/02/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Discover (DFS) upgraded to Overweight from Neutral at JPMorgan with analyst Richard Shane saying the company appears on track to execute a "soft landing" as loan growth stabilizes. 2. At Home Group (HOME) upgraded to Buy from Neutral at Goldman Sachs with analyst Matthew Fassler saying recent sales misses, tariff concerns, and macro data have created investor concerns and a "steep discount" in the shares relative to other growth retailers. 3. Nestle (NSRGY) upgraded to Buy from Hold at Jefferies with analyst Martin Deboo saying he's more bullish on the new CEO and the shares into the second half of the year. 4. Urban Outfitters (URBN) upgraded to Buy from Neutral at B. Riley FBR with analyst Susan Anderson saying she expects high consumer confidence to support strong same-store-sales for Urban and she views the shares as undervalued. 5. General Electric (GE) upgraded to Outperform from Sector Perform at RBC Capital with analyst Deane Dray saying he believes a floor has been put in the shares following news of Larry Culp being named Chairman and CEO. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/02/18
JPMS
10/02/18
UPGRADE
Target $89
JPMS
Overweight
Discover upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Richard Shane upgraded Discover Financial (DFS) to Overweight and raised his price target for the shares to $89 from $81. The company appears on track to execute a "soft landing" as loan growth stabilizes, Shane tells investors in a research note. The analyst says credit has outperformed expectations while multiples in the Credit Card space have compressed. This creates a more attractive opportunity for investment, according to Shane. He also raised his price target for Overweight-rated Capital One (COF) to $113 from $109 and for Neutral-rated American Express (AXP) to $115 from $105.
10/01/18
WELS
10/01/18
NO CHANGE
Target $82
WELS
Market Perform
Discover price target raised to $82 from $76 at Wells Fargo
Wells Fargo analyst Donald Fandetti raised his price target for Discover to $82 from $76 ahead of quarterly results, citing lower provision expense as he projects Q3 NCO to come in slightly better than his estimate as well as lower assumed operating expenses. The analyst reiterates a Market Perform rating on the shares.

TODAY'S FREE FLY STORIES

BNFT

Benefitfocus

$49.88

-1.99 (-3.84%)

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AGCO

Agco

$56.59

2.7 (5.01%)

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Agco guides initial FY19 EPS ~$4.60, consensus $4.59 »

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  • 18

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NVS

Novartis

$85.40

-0.4 (-0.47%)

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  • 05

    Jan

SQ

Square

$59.91

1.28 (2.18%)

20:25
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  • 18

    Dec

PAYX

Paychex

$64.32

-0.63 (-0.97%)

, GIS

General Mills

$36.70

-0.03 (-0.08%)

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Earnings
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PAYX

Paychex

$64.32

-0.63 (-0.97%)

GIS

General Mills

$36.70

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  • 19

    Dec

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FSNUY

Fresenius SE

$0.00

(0.00%)

20:21
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BNFT

Benefitfocus

$49.88

-1.99 (-3.84%)

20:19
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12/18
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20:19
Recommendations
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  • 18

    Dec

FN

Fabrinet

$51.13

2.17 (4.43%)

20:06
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SEE

Sealed Air

$33.96

0.17 (0.50%)

19:38
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Upgrade
Sealed Air rating change at BMO Capital »

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CAT

Caterpillar

$124.29

-0.2 (-0.16%)

19:31
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Vice President of Caterpillar Excavation unit to step down »

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XOM

Exxon Mobil

$71.99

-2.01 (-2.72%)

19:10
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Periodicals
Exxon tells EPA it opposes weakening Obama-era emissions rules, Reuters says »

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  • 10

    Feb

CBS

CBS

$46.21

-0.6 (-1.28%)

, DIS

Disney

$109.43

-1.2 (-1.08%)

19:07
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19:07
Periodicals
CBS poised to ramp up CEO search after denying Moonves severance, Bloomberg says »

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CBS

CBS

$46.21

-0.6 (-1.28%)

DIS

Disney

$109.43

-1.2 (-1.08%)

FOX

21st Century Fox

$48.49

-0.29 (-0.59%)

FOXA

21st Century Fox

$48.78

-0.22 (-0.45%)

TRCO

Tribune Media

$45.25

-0.08 (-0.18%)

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  • 19

    Dec

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    Dec

  • 05

    Feb

JBL

Jabil

$22.21

0.65 (3.01%)

, SCS

Steelcase

$14.19

0.02 (0.14%)

19:02
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Hot Stocks
Fly Intel: After Hours Movers »

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JBL

Jabil

$22.21

0.65 (3.01%)

SCS

Steelcase

$14.19

0.02 (0.14%)

ADMS

Adamas Pharmaceuticals

$8.11

-0.67 (-7.63%)

ANGI

Angi Homeservices

$15.64

-0.01 (-0.06%)

MU

Micron

$34.12

0.23 (0.68%)

LRCX

Lam Research

$138.01

2.39 (1.76%)

AMAT

Applied Materials

$33.27

0.62 (1.90%)

FDX

FedEx

$185.01

2.81 (1.54%)

UPS

UPS

$97.25

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SURF

Surface Oncology

$7.35

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GSAT

Globalstar

$0.36

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  • 18

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CBS

CBS

$46.21

-0.6 (-1.28%)

18:45
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Periodicals
CBS poised to ramp up CEO search after denying Moonves severance, Bloomberg says »

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  • 19

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AMTB

Mercantil Bank

$12.00

-0.3 (-2.44%)

18:41
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Syndicate
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  • 21

    Dec

QDEL

Quidel

$50.00

0.9 (1.83%)

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AAOI

Applied Optoelectronics

$15.40

-1.73 (-10.10%)

, ACIA

Acacia Communications

$39.32

-0.53 (-1.33%)

18:34
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Recommendations
Applied Optoelectronics, Acacia Communications, Cisco, Fabrinet, Finisar analyst commentary at Piper Jaffray »

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AAOI

Applied Optoelectronics

$15.40

-1.73 (-10.10%)

ACIA

Acacia Communications

$39.32

-0.53 (-1.33%)

CSCO

Cisco

$44.05

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FN

Fabrinet

$51.13

2.17 (4.43%)

FNSR

Finisar

$21.57

0.005 (0.02%)

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  • 10

    Jan

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WGO

Winnebago

$19.96

-0.73 (-3.53%)

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  • 19

    Dec

CVS

CVS Health

$69.55

-1.12 (-1.58%)

, AET

Aetna

$0.00

(0.00%)

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Periodicals
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CVS

CVS Health

$69.55

-1.12 (-1.58%)

AET

Aetna

$0.00

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  • 07

    Jan

FDX

FedEx

$185.01

2.81 (1.54%)

, AMZN

Amazon.com

$1,551.00

29.66 (1.95%)

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FDX

FedEx

$185.01

2.81 (1.54%)

AMZN

Amazon.com

$1,551.00

29.66 (1.95%)

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  • 18

    Dec

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VZ

Verizon

$55.67

-0.29 (-0.52%)

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  • 07

    Jan

CE

Celanese

$85.39

0.98 (1.16%)

18:02
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Celanese raises GUR and GHR grades engineered materials prices by 10% »

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FDX

FedEx

$185.01

2.81 (1.54%)

17:55
12/18/18
12/18
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17:55
Hot Stocks
Breaking Hot Stocks news story on FedEx »

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  • 18

    Dec

FDX

FedEx

$185.01

2.81 (1.54%)

17:52
12/18/18
12/18
17:52
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17:52
Hot Stocks
FedEx sees voluntary buyout saving company $225M-$275M in FY20 »

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  • 18

    Dec

VVV

Valvoline

$19.00

0.21 (1.12%)

17:51
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12/18
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17:51
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Valvoline to open 17 acquired Quick-Lube centers in California »

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