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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.
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 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.
Michael Shepherd
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
barclays raises discover financial target to 209 maintains overweight rating
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23:06 23.01.2025
ubs upgrades discover financial to buy with significant growth potential
13:37 13.01.2025
ubs upgrades discover financial to buy with significant growth potential
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12:57 13.01.2025
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