Capital One price target raised to $140 from $132 at UBS

UBS raised the firm’s price target on Capital One (COF) to $140 from $132 and keeps a Neutral rating on the shares. UBS thinks the Discover (DFS) deal could be transformative for Capital One, but acknowledges that the process for approval and subsequent integration post-close could be “challenging.” The firm thinks shares will remain range-bound until it hits certain milestones, the analyst tells investors in a research note.