Credit-card company Discover Financial Services got a rating boost from Citigroup analyst.
Citigroup upgraded the shares to buy from neutral, citing the potential for the company to benefit from increased consumer payments. Analyst Arren Cyganovich also hiked his price target on the company’s shares to $150 from $101. According to Cyganovich Discover has the "clearest near-term path" to gain from the economic reopening of the country.
Meanwhile, analysts at Barclays also increased their price target on Discover to $146 from $132. They affirmed their overweight rating on the shares.
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