RBC Capital analyst Jon Arfstrom raised the firm’s price target on Capital One to $142 from $140 and keeps a Sector Perform rating on the shares. The company produced a decent quarter, and the management’s confidence in the outlook was encouraging, the analyst tells investors in a research note. Capital One is seeing stability in core credit metrics and visibility into the delinquency buckets that provides confidence that losses in the near term remain anchored to levels only modestly above 2019 metrics, the firm added.
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