Barclays Maintains Equal-Weight on Discover Finl, Lowers Price Target to $112
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Mark Devries has maintained an Equal-Weight rating on Discover Financial Services (NYSE:DFS) but has reduced the price target from $124 to $112.
January 19, 2024 | 10:52 am
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Barclays has maintained an Equal-Weight rating on Discover Financial Services but lowered the price target from $124 to $112.
The reduction in price target by Barclays, a major financial institution, suggests a reassessment of Discover Financial's future performance or market conditions, which could lead to a negative perception among investors and potentially drive the stock price down in the short term.
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