On Oct 18, major Wall Street analysts update their ratings for $Discover Financial Services (DFS.US)$, with price targets ranging from $156 to $173.
Wells Fargo analyst Donald Fandetti maintains with a hold rating, and adjusts the target price from $152 to $160.
Jefferies analyst John Hecht maintains with a buy rating, and adjusts the target price from $167 to $173.
Evercore analyst John Pancari maintains with a hold rating, and maintains the target price at $156.
TD Cowen analyst Moshe Orenbuch maintains with a buy rating, and adjusts the target price from $151 to $162.
RBC Capital analyst Jon Arfstrom maintains with a hold rating, and adjusts the target price from $148 to $161.
Furthermore, according to the comprehensive report, the opinions of $Discover Financial Services (DFS.US)$'s main analysts recently are as follows:
The SEC's remarks are not anticipated to stall the merger's approval or conclusion, though they may extend the timeline for the final S-4/joint proxy and the shareholder vote. It is believed that the SEC will either be satisfied with the accounting practices or deem them as non-material, or that some restatements might be necessary. Regardless, this is not expected to affect cumulative historical earnings or capital or the liability of the counterpart, nor is it likely to alter the timing of the merger's finalization.
Here are the latest investment ratings and price targets for $Discover Financial Services (DFS.US)$ from 6 analysts:
Note:
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