Goldman Sachs Maintains Buy on Discover Finl, Lowers Price Target to $121
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Ryan Nash has maintained a Buy rating on Discover Financial Services (NYSE:DFS) but has reduced the price target from $139 to $121.

January 19, 2024 | 1:32 pm
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Goldman Sachs reaffirms Buy rating on Discover Financial Services but lowers price target to $121 from $139.
While the reduction in price target could suggest a more conservative outlook on the company's future performance, the maintenance of a Buy rating indicates that Goldman Sachs still sees positive potential in Discover Financial Services. The mixed signals may lead to a neutral short-term impact on the stock price as investors weigh the lowered target against the continued endorsement.
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