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Wednesday, 03/23/2011 10:35:25 AM

Wednesday, March 23, 2011 10:35:25 AM

Post# of 98
JP Morgan is out with its report today on Discover Financial (NYSE: DFS), raising its PT from $20 to $21.

In a note to clients, JP Morgan writes, "We are maintaining our Neutral rating but raising our December 2011 price target to $21. In our view, while shares of DFS may benefit from tailwinds in the near term, we continue to believe that DFS's current valuation does not support longterm price appreciation."


Source: http://www.benzinga.com/analyst-ratings/analyst-color/11/03/946085/update-jp-morgan-raises-pt-on-discover-financial-to-21-df#ixzz1HQvkyugI
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