Deutsche Bank Maintains Hold on Discover Finl, Lowers Price Target to $111
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Meng Jiao has maintained a Hold rating on Discover Financial Services (NYSE:DFS) but has reduced the price target from $140 to $111.

January 19, 2024 | 7:34 pm
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Discover Financial Services' price target has been lowered from $140 to $111 by Deutsche Bank, although the Hold rating remains unchanged.
The reduction in price target by Deutsche Bank could lead to a negative perception among investors, potentially causing a short-term decline in Discover Financial Services' stock price. However, since the rating remains a Hold, the impact may be somewhat mitigated as it does not suggest a sell-off.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100