BMO Capital Maintains Market Perform on Discover Finl, Lowers Price Target to $104
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst James Fotheringham has maintained a Market Perform rating on Discover Financial Services (NYSE:DFS) but has lowered the price target from $116 to $104.

January 22, 2024 | 1:26 pm
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Discover Financial Services' price target has been reduced from $116 to $104 by BMO Capital, although the Market Perform rating remains unchanged.
The reduction in price target by BMO Capital suggests a more conservative valuation of Discover Financial Services, which could lead to a negative perception among investors and potentially a decrease in the stock price in the short term. However, since the rating remains at Market Perform, the impact may be somewhat moderated.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100