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Warren Buffett's Berkshire Hathaway has held onto its American Express shares for 27 years, making it a significant part of its portfolio. Despite selling portions of its investments in Apple and Bank of America, Buffett remains confident in American Express, which boasts a strong brand and a resilient customer base. Analysts suggest considering other stocks for investment, as American Express was not included in a recent list of top recommendations.
Charles Schwab Investment Management Inc. and Massachusetts Financial Services Co. MA increased their stakes in Discover Financial Services by 0.5% and 0.4%, respectively, during the third quarter, with hedge funds and institutional investors owning 86.94% of the stock. Barclays raised its price target for Discover to $209, indicating a potential upside, while analysts maintain a "Hold" rating with a consensus price target of $175.43. Discover reported strong earnings, beating estimates with $5.11 EPS, and has a market cap of $50.48 billion.
Barclays has raised its price target for Discover Financial Services from $186 to $209, maintaining an Overweight rating after the company reported an impressive Q4 2024, with EPS of $5.11, significantly above expectations. The stock, currently at $200.96, has seen a 100.72% return over the past year, driven by strong net income growth and improved card delinquency rates. Discover is also preparing for a merger with Capital One, anticipating $125 million in related costs for 2024.
Barclays analyst Terry Ma has raised the price target for Discover Financial (NYSE: DFS) to $209.00, up from a previous target of $186.00. This adjustment reflects the firm's ongoing confidence in the company's performance.
UBS has upgraded Capital One Financial and Discover Financial Services to Buy as their proposed merger approaches completion. Analyst Erika Najarian views this merger as a unique opportunity for investors to acquire a vertically integrated payments platform.
UBS has upgraded Capital One Financial from Neutral to Buy, raising the price target to $235 from $168, citing the company's potential transformation into a leading payments platform through its merger with Discover Financial Services. This deal is expected to enhance competition against major players like Visa and JPMorgan Chase, with completion anticipated by Q2 2025. UBS believes the current stock price does not fully reflect the merger's value due to market uncertainties.
UBS analyst Erika Najarian upgraded Discover Financial Services (NYSE: DFS) from Neutral to Buy, raising the price target from $150 to $239, citing strong growth potential following a merger that could enhance profitability and market share. The company reported a 41% year-over-year increase in net income for Q3 2024, reaching $965 million, and has a solid dividend track record with a current yield of 1.65%. Analysts project a return on tangible common equity of 17.3% by 2026, indicating a positive outlook for investors.
UBS has upgraded Capital One Financial from Neutral to Buy, raising the price target to $235 from $168, citing the company's potential transformation into a leading payments platform through its merger with Discover Financial Services. This deal is expected to enhance competition against major players like Visa and JPMorgan Chase, with completion anticipated by Q2 2025. UBS believes the current stock price does not fully reflect the value of the merger, as market uncertainties linger.
UBS has upgraded Capital One in anticipation of its acquisition of Discover Financial. This strategic move reflects confidence in Capital One's potential growth and market position following the acquisition announcement.
UBS analyst Erika Najarian upgraded Discover Financial Services (NYSE: DFS) from Neutral to Buy, raising the price target from $150 to $239, citing strong growth potential and a recent merger that could enhance profitability and market share. The company reported a 41% year-over-year increase in net income for Q3 2024, reaching $965 million, and has a solid dividend track record with a current yield of 1.65%. Analysts project a return on tangible common equity of 17.3% by 2026, indicating a positive outlook for investors.
Discover Financial Services
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