JP Morgan Maintains Neutral on Discover Finl, Raises Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Richard Shane maintains a Neutral rating on Discover Financial Services (NYSE:DFS) and raises the price target from $110 to $120.
April 03, 2024 | 11:31 am
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JP Morgan analyst Richard Shane maintains a Neutral rating on Discover Financial Services and raises the price target from $110 to $120.
The increase in the price target by JP Morgan suggests a positive outlook on the stock's value, potentially leading to increased investor interest and a short-term positive impact on the stock price. However, the maintenance of a Neutral rating indicates that the analyst sees the stock as fairly valued at its current price, balancing the potential impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100