Analysts have been eager to weigh in on the Services sector with new ratings on Discovery Inc (DISCA) and Costco (COST).
Discovery Inc (DISCA)
Discovery Inc received a Hold rating and a $27 price target from Pivotal Research analyst Brian Wieser today. The company’s shares opened today at $27.61.
Wieser observed:
“We value Discovery using a DCF, with a near-term discount rate of 6.7%, a long-term discount rate of 13.5% and a 2.5% long-term growth rate.”
According to TipRanks.com, Wieser is a 5-star analyst with an average return of 11.8% and a 77.0% success rate. Wieser covers the Services sector, focusing on stocks such as Interpublic Group of Companies, Nielsen Holdings, and 21st Century Fox.
Currently, the analyst consensus on Discovery Inc is a Moderate Buy with an average price target of $35.40, which is a 28.2% upside from current levels. In a report issued on December 4, Barclays also maintained a Hold rating on the stock.
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Costco (COST)
Oppenheimer analyst Rupesh Parikh maintained a Buy rating on Costco today. The company’s shares opened today at $227.94.
According to TipRanks.com, Parikh is a 5-star analyst with an average return of 15.6% and a 61.3% success rate. Parikh covers the Services sector, focusing on stocks such as Blue Apron Holdings Inc, United Natural Foods, and Wal-Mart Stores Inc.
Costco has an analyst consensus of Moderate Buy, with a price target consensus of $247.
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