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) but lowered its price target from $107.00 to $100.00. Discover Financial's shares are currently trading up 1.72% at $93.97 per share. A move to the new price target would represent a 6.41% increase from the current share price.
August 18, 2023 | 5:00 pm
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Morgan Stanley has maintained its Equal-Weight rating for Discover Financial Services but lowered its price target. This could potentially influence investor sentiment and the stock's price.
The news of Morgan Stanley maintaining its Equal-Weight rating for Discover Financial Services but lowering its price target could have a neutral impact on the stock's price in the short term. While the maintained rating indicates that the stock is expected to perform in line with the market, the lowered price target could potentially dampen investor sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100