TD Cowen analyst Moshe Orenbuch maintains $Discover Financial Services (DFS.US)$ with a buy rating, and maintains the target price at $162.
According to TipRanks data, the analyst has a success rate of 68.5% and a total average return of 21.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Discover Financial Services (DFS.US)$'s main analysts recently are as follows:
The firm's analysis following Discover's Q3 earnings indicates that the fundamentals are solid, with revenue slightly surpassing expectations and a positive trend in the reduction of card losses.
The firm's analysis suggests that the SEC's remarks are unlikely to postpone the finalization or completion of the merger. It may, however, extend the timeline for the ultimate S-4/joint proxy and shareholder voting. The firm anticipates that the SEC may either approve the accounting practices, deem them insignificant, or require restatements. Regardless of the outcome, it is believed that there will be no effect on the cumulative historical earnings, capital, or counterpart liability, and the merger's closure timing should remain unchanged.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
