Piper Sandler Upgrades Discover Finl to Overweight, Raises Price Target to $129
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Kevin Barker has upgraded Discover Financial Services (NYSE:DFS) from Neutral to Overweight and increased the price target from $104 to $129.
January 03, 2024 | 12:42 pm
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POSITIVE IMPACT
Discover Financial Services (DFS) has been upgraded by Piper Sandler from Neutral to Overweight with a raised price target from $104 to $129.
Analyst upgrades typically lead to a positive short-term reaction in the stock price as market participants may interpret the upgrade as a sign of improving fundamentals or future performance. The increase in price target further emphasizes the analyst's confidence in the stock's potential.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100