/Bank of America upgrades Discover Financial, sees 17% upside
Bank of America upgrades Discover Financial, sees 17% upside

Bank of America upgrades Discover Financial, sees 17% upside

Discover Financial Services is not getting enough credit for a strong first-quarter report, according to Bank of America.

The investment firm on Monday upgraded Discover to buy from neutral, saying in a note to clients that the company’s management team had earned the benefit of the doubt when it comes to planned investments in its operations.