Capital One price target raised to $150 from $142 at RBC Capital

RBC Capital raised the firm’s price target on Capital One (COF) to $150 from $142 and keeps a Sector Perform rating on the shares. The company’s acquisition of Discover (DFS) is a “compelling transaction” that has the potential to provide material synergies from both an expense and revenue standpoint for the combined organization, the analyst tells investors in a research note. The opportunity for Capital One to own and operate their own payments network provides a significant runway to potentially reshape the current competitive landscape over time, the firm added.