Jefferies Starts Capital One Financial (COF) at Hold

Jefferies initiates coverage on Capital One Financial (NYSE: COF) with a Hold rating and a price target of $87.00.

Analyst John Hecht commented, "We like COF's diversified lending platform and expect a card recovery as well as ongoing auto/CRE growth to offset mortgage run-off and drive net growth. We also note COF is well positioned for rising rates, and its capital ratios are solid. However, we believe credit normalization is occurring and could weigh on growth in the near term."

For an analyst ratings summary and ratings history on Capital One Financial click here. For more ratings news on Capital One Financial click here.

Shares of Capital One Financial closed at $79.61 yesterday.

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