Discover (DFS) NewsBite - Outperform Rating Boosts DFS

Posted: Thursday, May 28, 2009 2:02 PM EDT

Discover (NYSE: DFS) opened at $8.99. So far today, the stock has hit a low of $8.59 and a high of $9.00. DFS is now trading at $8.93, up $0.31 (3.60%). Over the last 52 weeks the stock has ranged from a low of $4.73 to a high of $18.15. DFS shares are rising today after an analyst at FBR Capital Markets initiated coverage on the stock with an Outperform rating and an $11 price target. Technical indicators for the stock are neutral and S&P gives DFS a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on DFS the stock seems like it could be a candidate for a July out-of-the-money bull-put credit spread below the 7.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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