Discover Financial Services (DFS) Gets a Buy Rating from RBC Capital

In a report issued on July 8, Jon Arfstrom from RBC Capital maintained a Buy rating on Discover Financial Services (DFSResearch Report), with a price target of $135.00. The company’s shares closed last Tuesday at $99.83.

According to, Arfstrom is a 5-star analyst with an average return of 20.6% and a 53.7% success rate. Arfstrom covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Old National Bancorp Capital, and Provident Financial Services.

Currently, the analyst consensus on Discover Financial Services is a Moderate Buy with an average price target of $132.54, implying a 36.1% upside from current levels. In a report issued on June 29, Piper Sandler also maintained a Buy rating on the stock with a $127.00 price target.

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Discover Financial Services’ market cap is currently $27.96B and has a P/E ratio of 5.90.

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Illinois-based Discover Financial Services is a direct banking and payment services company. It operates through the Direct Banking and Payment Services segments.

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