Morgan Stanley Maintains Equal-Weight Rating for Discover Finl: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Morgan Stanley has maintained its Equal-Weight rating for Discover Financial Services (NYSE: DFS) and increased its price target from $112.00 to $117.00. The current share price of DFS is $120.07, which is 0.8% higher than the last 24 hours. A move to $117.00 would represent a 2.56% decrease from the current share price.
July 13, 2023 | 5:00 pm
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Morgan Stanley has maintained its Equal-Weight rating for Discover Financial Services and raised its price target. This could potentially lead to a decrease in the share price.
Morgan Stanley's decision to maintain an Equal-Weight rating indicates that they believe the stock is fairly valued at its current price. However, the raised price target suggests they see some potential for growth. Despite this, the new price target is still lower than the current trading price, which could lead to a decrease in the share price.
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IMPORTANCE 80
RELEVANCE 100