Keefe Bruyette analyst Sanjay Sakhrani raised the firm’s price target on Discover to $160 from $145 and keeps an Outperform rating on the shares. The analyst says “constructive” delinquency trends among the card issuers should set up for improvements in the net charge off rate in the back half of the year. In addition, a higher probability of a Trump presidency would be favorable for the consumer finance stocks, the analyst tells investors in a research note.
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