Wells Fargo analyst Donald Fandetti maintains $Discover Financial Services (DFS.US)$ with a hold rating, and adjusts the target price from $160 to $185.
According to TipRanks data, the analyst has a success rate of 64.7% and a total average return of 12.1% 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 recent increase in business and consumer confidence, influenced by the November election, may lead to a bolstered U.S. economy but potentially diminish further Federal Reserve easing. This environment tends to favor stocks tied to consumer credit and spending but might not bode well for those connected to the mortgage market, which remains subdued due to high rates and low housing supply.
The firm remains constructive on consumer finance stocks heading into the Q4 results, noting improved consumer metrics and the presence of regulatory catalysts. Modest increases in interest rates are viewed as not detrimental to the fundamentals or the stocks, with expectations that the rally for card issuer and network stocks is likely to continue.
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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