Capital One price target raised to $220 from $219 at Barclays

Barclays raised the firm’s price target on Capital One (COF) to $220 from $219 and keeps an Overweight rating on the shares. The company’s Q4 results beat on better provisions and non-interest income, the analyst tells investors in a research note. The firm says domestic card delinquencies improved year-over-year for the first time since January 2022, reaffirming its view that Capital One’s credit normalization has concluded and domestic card delinquencies could continue to improve.