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DFS

Discover

$77.61

1.11 (1.45%)

08:18
02/15/18
02/15
08:18
02/15/18
08:18

Discover reports January charge-off rate 3.1% vs. 3.1% last month

Reports January 30-plus day delinquency rate 2.4% vs. 2.3% last month.

  • 30

    May

DFS Discover
$77.61

1.11 (1.45%)

01/26/18
ARGS
01/26/18
NO CHANGE
Target $90
ARGS
Buy
Discover price target raised to $90 from $74 at Argus
Argus analyst Stephen Biggar raised his price target on Discover to $90 and kept his Buy rating after a Q4 earnings beat. Biggar notes the 9% growth in average loans amid a strong credit card environment as well as the management's upgraded view of 7%-9% growth this year. The analyst warns that higher net charge-offs bear watching, but believes the healthy employment environment and less aggressive promotions will minimize the losses.
01/25/18
01/25/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Discover (DFS) downgraded to In Line from Outperform at Evercore ISI. 2. BlackRock (BLK) downgraded to Neutral from Buy at Citi with analyst William Katz saying the "revaluation thesis" is now well understood. 3. bluebird bio (BLUE) downgraded to Market Perform from Outperform at Leerink with analyst Michael Schmidt saying the company's clinical stage pipeline now is fairly valued while visibility into additional near-term sources of upside is limited. 4. Jagged Peak Energy (JAG) downgraded to Sector Perform from Outperform at RBC Capital with analyst Scott Hanold citing a tight frac service market in the Permian that lowers his projected growth outlook, saying the company is "more susceptible to frac service constraints due to its smaller scale and being a relatively newer entrant." 5. Varian Medical (VAR) downgraded to Sell from Neutral at Goldman Sachs with analyst Isaac Ro saying shares offer poor risk/reward versus MedTech peers. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/25/18
JMPS
01/25/18
NO CHANGE
Target $91
JMPS
Outperform
Discover price target raised to $91 from $80 at JMP Securities
JMP Securities analyst David Scharf said Discover's operating guidance for 2018 was generally stronger than his prior forecast and he increased his 2018 and 2019 GAAP EPS estimates following the company's Q4 report. Given the updated estimates, he increased his price target on the stock to $91 and keeps an Outperform rating on Discover.
01/25/18
RBCM
01/25/18
NO CHANGE
Target $100
RBCM
Top Pick
Discover price target lowered to $100 from $107 at RBC Capital
RBC Capital analyst Jason Arnold lowered his price target on Discover to $100 but kept his Top Pick rating after the company's Q4 earnings. Arnold attributes the price change to higher than expected expenses from employee compensation and professional fees. The analyst notes however that performance trends continue to support a "very constructive outlook" with a lower tax rate and a favorable 2018 guidance, adding that 20% ROE and 8-10% EPS growth are "outstanding" relative to most financials.

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UTX

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$NSD

NASDAQ Market Internals

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$NYE

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$0.00

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BITCOIN

Bitcoin

$0.00

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, BTC

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$0.00

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BITCOIN

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$0.00

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BTC

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$0.00

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SQ

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$76.69

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TWTR

Twitter

$33.68

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ICE

IntercontinentalExchange

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BBD

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TWTR

Twitter

$33.97

1.36 (4.17%)

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NKE

Nike

$84.09

-3.96 (-4.50%)

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CHGG

Chegg

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IQ

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GM

General Motors

$36.88

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ENR

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, FOXA

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ENR

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PPG

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PSO

Pearson

$11.10

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, LITE

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