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:
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