JP Morgan Maintains Neutral on Discover Finl, Lowers Price Target to $99
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Richard Shane has maintained a Neutral rating on Discover Financial Services (NYSE:DFS) and lowered the price target from $112 to $99.
October 17, 2023 | 3:57 pm
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JP Morgan has maintained a Neutral rating on Discover Financial Services and lowered the price target from $112 to $99.
The lowering of the price target by JP Morgan, a major financial institution, could potentially lead to a decrease in the stock price of Discover Financial Services in the short term. This is due to the fact that investors often follow the advice of major financial institutions when making investment decisions.
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