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Fox-Pitt Upgrades Capital One (COF) to Outperform Following Earnings

October 23, 2009 12:18 PM EDT
COF Hot Sheet
Rating Summary:
    16 Buy, 3 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 20 | Down: 11 | New: 38
Fox-Pitt Kelton upgrades Capital One Financial (NYSE: COF) from In-Line to Outperform following yesterday's better-than-expected Q3 results. The firm also increased its price target from $38 to $48.

Shares of Capital One have rallied more than 7% on last night's earnings. The stock most recently traded at $41.03. Fox-Pitt's new price target represents potential upside of about 17%.

Visit our Analyst Ratings page to see all the upgrades/downgrades on shares of Capital One.

Capital One Financial Corporation, through its subsidiaries, provides various financial products and services to consumers, small businesses, and commercial clients in the United States.

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