BofA analyst Mihir Bhatia upgraded Discover to Neutral from Underperform with a $107 price target. In the wake of regional bank failures, shares of financials and bank stocks have sold off, which says that Discover shares trading near $101 are " closer to fair value." Following the pullback in the group and the stock, the firm views the risk/reward as "more balanced from here," the analyst tells investors.
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