BofA analyst Mihir Bhatia lowered the firm’s price target on Capital One to $146 from $149 and keeps a Buy rating on the shares after the company reported Q4 results that missed consensus expectations, primarily due to higher expenses. Despite the headline EPS miss, the firm thought call commentary on credit, growth opportunities, and expenses “struck a positive tone,” and thinks the positive credit commentary should be well received, the analyst tells investors.
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