Market Overview

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

Share:
Related COF
Amazon's Cloud Service Picks Up 2 High-Profile Clients In As Many Days
Wedbush Adjusts Targets On Credit Card Lenders, Pawn, Installment Names
Time To Sell Tech (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
Nov 2016BairdDowngradesOutperformNeutral
Nov 2016Stifel NicolausDowngradesBuyHold
Oct 2016WedbushInitiates Coverage OnNeutral

View More Analyst Ratings for COF
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Price Target Analyst Ratings

 

Related Articles (COF)

View Comments and Join the Discussion!