Wells Fargo lowered the firm’s price target on Discover (DFS) to $180 from $214 and keeps an Equal Weight rating on the shares following quarterly results. The firm notes the Q1 beat was driven by lower provision and opex. The credit metrics showed continued improvement, and they released reserves this quarter.
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Read More on DFS:
- Discover Financial Services Reports Strong Q1 2025 Earnings
- Discover Financial Services’ Earnings Call Highlights Merger and Growth
- Discover price target lowered to $184 from $188 at TD Cowen
- Capital One price target raised to $225 from $210 at Wells Fargo
- Discover Financial Services: Strong Q1 2025 Performance and Upgraded Earnings Estimates Drive Buy Rating
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