BMO Capital Maintains Market Perform on Discover Finl, Lowers Price Target to $99
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst James Fotheringham maintains a 'Market Perform' rating on Discover Financial Services (NYSE:DFS) but has lowered the price target from $103 to $99.
July 21, 2023 | 10:57 am
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Discover Financial Services' price target has been lowered from $103 to $99 by BMO Capital, though the 'Market Perform' rating is maintained.
The lowering of the price target by BMO Capital indicates a potential decrease in the stock's value. However, the maintenance of the 'Market Perform' rating suggests that the stock is expected to perform in line with the market, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100