BMO Capital analyst James Fotheringham lowered the firm’s price target on Capital One to $121 from $131 but keeps an Outperform rating on the shares. The company reported its second consecutive quarterly credit miss with higher credit provisions and share counts, though the firm is positive on Capital One continuing to do what its peers have not – provisioning appropriately ahead of a credit cycle, the analyst tells investors in a research note.
Published first on TheFly
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Read More on COF:
- Capital One price target lowered to $108 from $112 at Credit Suisse
- Capital One price target lowered to $119 from $126 at Citi
- Capital One Reports First Quarter 2023 Net Income of $960 million, or $2.31 per share
- Capital One reports Q1 EPS $2.31, consensus $3.92
- Capital One options imply 4.7% move in share price post-earnings
