Wolfe Research upgraded Capital One (COF) to Outperform from Peer Perform with an $189 price target. The firm believes beneficiaries of healthy labor markets will outperform “casualties of higher-for-longer rates.” Capital One has meaningful upside if the Discover (DFS) deal closes and limited downside if it does not, the analyst tells investors in a research note. Wolfe would not be surprised to see regulators approve the merger.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on COF:
- Capital One put volume heavy and directionally bearish
- Discover announces resignation of Michael Rhodes as CEO and president
- Judge says Walmart can end Capital One credit card pact early, Reuters reports
- TipRanks’ All-Star Analyst – Who is the Best on PYPL Stock?
- JPMorgan consumer finance analyst to hold analyst/industry conference call