Discover (DFS) NewsBite - DFS Upgraded By Keefe Bruyette

Posted: Monday, June 29, 2009 12:48 PM EDT

Discover (DFS) was upgraded today by analysts at Keefe Bruyette and the stock is now at $10.46, up $.58 (5.87%) on volume of 3,705,382 shares traded. Keefe Bruyette upgraded DFS today from Market Perform to Outperform and lifter their price target by $3 to $14. Over the last 52 weeks the stock has ranged from a low of $4.73 to a high of $18.15. Discover stock has been showing support around $9.49 and resistance in the $10.41 range. 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 an October out-of-the-money bull-put credit spread below the 7.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

Click Symbol For More News On: (DFS)