Citigroup Upgrades Discover Finl: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Citigroup has upgraded Discover Financial Services (NYSE:DFS) to a Buy rating with a new price target of $133.00, up from the previous target of $93.00. Discover Financial's shares are currently trading at $110.34, and the new price target suggests a potential upside of 20.54%. Discover operates in direct banking and payment services, issuing cards and providing banking products.
December 20, 2023 | 5:00 pm
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Citigroup upgraded Discover Financial Services to Buy and raised the price target to $133.00, which could lead to a positive market reaction and potential stock price increase.
Analyst upgrades typically lead to positive short-term market sentiment, as they suggest a favorable outlook on the company's performance. The substantial increase in the price target from $93.00 to $133.00 by a reputable financial institution like Citigroup could encourage investors to adjust their valuations, potentially driving up the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100