Deutsche Bank analyst Mark DeVries maintains $Discover Financial Services (DFS.US)$ with a hold rating, and adjusts the target price from $136 to $202.
According to TipRanks data, the analyst has a success rate of 63.1% and a total average return of 16.2% 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:
Following recent political developments, heightened business and consumer confidence have been observed, thus fostering a more favourable climate for the U.S. economy. However, these developments have tempered expectations for Federal Reserve interventions. Analysts find this dynamic promising for sectors tied to consumer credit and spending, though it poses challenges to the mortgage market which remains subdued due to persistent high rates and limited housing availability.
The firm is optimistic about consumer finance stocks approaching Q4 results, citing improving consumer metrics and regulatory catalysts. Despite slightly higher interest rates, these factors do not appear to hinder the fundamentals or performance of the stocks. The expectation is strong that the rally will resume for card issuer and network stocks.
Note:
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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.
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