UPDATE: J.P. Morgan Downgrades Discover Financial Services on Fair Valuation
July 16, 2013 at 08:56 AM EDT
In a report published Tuesday, J.P. Morgan analyst Richard Shane downgraded Discover Financial Services (NYSE: DFS ) from Overweight to Neutral, but raised the price target from $50.00 to $54.00. In the report, J.P. Morgan noted, “We lower our rating to Neutral from Overweight on DFS as we believe the company
