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Fly News Breaks for January 27, 2020
Jan 27, 2020 | 08:12 EDT
BMO Capital analyst James Fotheringham lowered his price target on Discover to $84 and kept his Market Perform rating after its in-line Q4 results and disappointing guidance related to costs and higher CECL provisions. The analyst believes that Discover shares are now "fairly valued" and he prefers other card-related stocks based on their greater potential valuation upside.