B of A Securities Upgrades Discover Finl to Buy, Raises Price Target to $116
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Mihir Bhatia upgraded Discover Financial Services (NYSE:DFS) from Neutral to Buy and increased the price target from $94 to $116, indicating a positive outlook on the company's stock.

December 06, 2023 | 3:03 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Discover Financial Services was upgraded by B of A Securities from Neutral to Buy, with a raised price target from $94 to $116, suggesting a bullish stance on the stock.
Upgrades by analysts, especially from neutral to buy, typically signal a positive change in the company's fundamentals or future prospects, which can lead to increased investor confidence and a potential rise in stock price. The significant raise in price target further emphasizes the analyst's confidence in the stock's potential.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100