Capital One Financial (COF) PT Lowered to $80 at Oppenheimer on 1Q Report; 'Keeps Missing Credit Guidance'

Oppenheimer lowered its price target on Capital One Financial (NYSE: COF) to $80.00 (from $84.00) while maintaining a Underperform rating, following the company's first quarter earnings result.

Analyst Ben Chittenden notes a disturbing trend by management of disappointing quarterly results and this was no different as the company missed on EPS and revenues, again lowering EPS expectations for 2017, while missing on credit guidance as well.

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