UPDATE: Jefferies & Company Reiterates Buy Rating, Lowers PT on Capital One Financial Corp.
In a report published Friday, Jefferies & Company reiterated its Buy rating on Capital One Financial Corp. (NYSE: COF), but lowered its price target from $70.00 to $67.00.
Jefferies noted, “COF's 4Q number was a $0.19 miss to consensus and a $0.10 to our number as revenues came in lighter than expected due to higher fee reversals and an uptick in marketing an integration expenses. While the 2013 revenue outlook was modestly reduced, we still see the shares as attractively priced and would look to add to positions on any pull-back.”
Capital One Financial Corp. closed on Thursday at $61.59.
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