Barclays Raises Price Target On Capital One Following Q2 Results
Early Friday morning, Barclays analyst Jason Goldberg issued a note in which he raised the price target on Capital One Financial (NYSE: COF) from $86 to $93 following the companies Q2 earnings beat.
Goldberg currently rates Capital One at Overweight and has a Positive industry view.
In conjunction with the increased price target, Goldberg has also raised his 2014 EPS estimate from $7.30 to $7.55.
According to Goldberg, the beat came on the back of a lower-than-expected loan loss provision, fee income and a decline in the company's tax rate. He also pointed out that the company benefited from NCO improvement, domestic card growth and active share repurchases.
Latest Ratings for COF
|May 2016||Guggenheim Securities||Upgrades||Sell||Neutral|
|Apr 2016||Bank of America||Downgrades||Neutral||Underperform|
|Apr 2016||Sandler O'Neill||Upgrades||Hold||Buy|
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