Citigroup Upgrades Discover Finl to Buy, Raises Price Target to $133
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Arren Cyganovich upgraded Discover Financial Services (NYSE:DFS) from Neutral to Buy and increased the price target from $93 to $133.
December 20, 2023 | 12:00 pm
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Citigroup upgraded Discover Financial Services to Buy from Neutral and raised the price target to $133, indicating a positive outlook on the stock.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest improved fundamentals or better prospects for the company. The substantial increase in the price target from $93 to $133 by Citigroup reflects a strong conviction in the company's potential, which could encourage investors to buy shares, driving up the price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100