Wolfe Research Downgrades Discover Financial (DFS) to Peerperform

Wolfe Research analyst Bill Carcache downgraded Discover Financial (NYSE: DFS) from Outperform to Peerperform.

The analyst comments "Withdrawing Price Target & Initiating Fair Value Range. We no longer ascribe price targets to Peer Perform-rated stocks under our coverage and are instead initiating a fair value range for DFS of $121 to $137. COF's acquisition of DFS is expected to close by the end of 2024 or early 2025. Our standalone estimates for DFS remain unchanged."

For an analyst ratings summary and ratings history on Discover Financial click here. For more ratings news on Discover Financial click here.

Shares of Discover Financial closed at $124.42 yesterday.

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