UPDATE: Jefferies Raises PT on Discover Financial Services on Higher Buyback
March 15, 2013 at 11:16 AM EDT
In a report published Friday, Jefferies analyst Daniel Furtado reiterated a Buy rating on Discover Financial Services (NYSE: DFS ), and raised the price target from $45.00 to $49.00. In the report, Furtado noted, “Discover's capital plan came in well above street expectations with a $2.4B share repurchase program and