Discover Financial Services shares are trading higher after B of A Securities upgraded the stock from Neutral to Buy and raised its price target from $94 to $116.
Portfolio Pulse from Benzinga Newsdesk
Discover Financial Services' stock is trading higher following an upgrade from B of A Securities, which changed its rating from Neutral to Buy and increased the price target from $94 to $116.
December 06, 2023 | 4:33 pm
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POSITIVE IMPACT
Discover Financial Services' stock has received a positive rating upgrade from B of A Securities, moving from Neutral to Buy, with a significant increase in the price target from $94 to $116.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest a better-than-previously-expected performance and outlook for the company. The increase in the price target from $94 to $116 represents a substantial upside potential, which can lead to increased investor confidence and buying activity in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100