RBC Capital Maintains Outperform on Discover Finl, Lowers Price Target to $117
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Jon Arfstrom has maintained an Outperform rating on Discover Financial Services (NYSE:DFS) but has reduced the price target from $130 to $117.
January 19, 2024 | 1:38 pm
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Discover Financial Services' Outperform rating is maintained by RBC Capital, but the price target is lowered from $130 to $117.
The reduction in the price target by RBC Capital could lead to a negative perception among investors, potentially causing a short-term dip in the stock price of Discover Financial Services. However, the maintenance of the Outperform rating suggests that the overall outlook remains positive, which might mitigate the negative impact to some extent.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100