Morgan Stanley Upgrades Discover Finl to Overweight, Raises Price Target to $133
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Betsy Graseck upgraded Discover Financial Services (NYSE:DFS) from Equal-Weight to Overweight and increased the price target from $105 to $133.
February 08, 2024 | 11:25 am
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Discover Financial Services was upgraded by Morgan Stanley from Equal-Weight to Overweight, with the price target raised from $105 to $133.
Upgrades by major financial institutions like Morgan Stanley typically lead to positive short-term price movements. The significant increase in the price target reflects a strong confidence in the company's future performance, likely influencing investor sentiment positively.
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