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UPDATE: Stifel Nicolaus Cuts PT to $65 on Capital One Financial Following Dilutive Diversiture, Q4 Results

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Related COF
Bank Of America Downgrades Capital One Due To Q1 'Sloppiness'
Earnings Scheduled For April 26, 2016
Capital One downgraded at BofA after earnings (Seeking Alpha)

Stifel Nicolaus maintained Capital One Financial (NYSE: COF) with a Buy rating and lowered the price target from $69.00 to $65.00.

Stifel Nicolaus noted, "With COF following up disappointing 4Q12 results with a surprising -- and dilutive -- divestiture, we are significantly less enthusiastic about the stock and have been forced to revisit our investment thesis. Although post-acquisition earnings power now appears much lower, the impact on 2014 estimates is dampened by COF's growing potential for capital return, possibly even in 2013. Combined with a markedly improved risk/reward, we are maintaining our Buy rating, but lowering our target price to $65 based on 9.5x our new 2014E. However, with a lack of clear near-term catalysts and growing top line concerns, we are removing the shares from the Stifel Select List."

Capital One Financial closed at $52.28 on Friday.

Latest Ratings for COF

DateFirmActionFromTo
Apr 2016Bank of AmericaDowngradesNeutralUnderperform
Apr 2016Sandler O'NeillUpgradesHoldBuy
Apr 2016Deutsche BankMaintainsHold

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Posted-In: Stifel NicolausAnalyst Color Price Target Analyst Ratings

 

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