Piper Sandler lowered the firm’s price target on Discover to $96 from $100 and keeps a Neutral rating on the shares. Discover reported an operating EPS miss driven primarily by a greater than expected reserve build, the analyst tells investors in a research note. The firm would need more visibility on improving comps to become more constructive on the stock at this point in the cycle, it says.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on DFS:
- Discover price target lowered to $90 from $95 at Wells Fargo
- Discover price target lowered to $93 from $94 at Citi
- Discover reports Q4 revenue net of interest expense $4.04B, consensus $3.95B
- Discover reports Q3 EPS $2.59, consensus $3.18
- Discover options imply 4.9% move in share price post-earnings