December 24, 2012 at 11:44 AM EST
Sterne Agee Reiterates Buy Rating, $45 PT on Discover Financial Services
In a report published Monday, Sterne Agee Group reiterated its Buy rating and $45.00 price target on Discover Financial Services (NYSE: DFS ). Sterne Agee noted, “We are lowering our 2013 and 2014 EPS estimates to reflect higher marketing and other operating cost. We have been assuming regular reserve building
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