Barclays Reiterates an 'Overweight' on Discover Financial (DFS); Q1 Preview
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Price: $200.05 --0%
Rating Summary:
21 Buy, 16 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 10 | New: 11
Rating Summary:
21 Buy, 16 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 10 | New: 11
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Barclays reiterates an 'Overweight' on Discover Financial (NYSE: DFS) price target raised $1 to $37.00.
Analyst, Mark C. DeVries, said, "When DFS reports fiscal 1Q12 earnings on Wednesday, March 22, we expect EPS of $1.01, compared to consensus of $0.90. Excluding reserve releases, our estimate would be $0.92. Despite its outperformance this year (+34% vs. the S&P 500 up 12% and the XLF up 21%), DFS remains one of the top picks in our coverage universe, as we believe the Street could be overestimating charge-offs and underestimating capital deployment."
Barclays raises FY12 from $3.70 to $3.85, FY13 from $3.55 to $3.67 and raises FY14 to $3.77.
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 $32.05 yesterday.
Analyst, Mark C. DeVries, said, "When DFS reports fiscal 1Q12 earnings on Wednesday, March 22, we expect EPS of $1.01, compared to consensus of $0.90. Excluding reserve releases, our estimate would be $0.92. Despite its outperformance this year (+34% vs. the S&P 500 up 12% and the XLF up 21%), DFS remains one of the top picks in our coverage universe, as we believe the Street could be overestimating charge-offs and underestimating capital deployment."
Barclays raises FY12 from $3.70 to $3.85, FY13 from $3.55 to $3.67 and raises FY14 to $3.77.
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 $32.05 yesterday.
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