Capital One Financial (COF) PT Raised to $257 at Truist, Citing 'Improved Earnings Outlook'

Truist Securities analyst Brian Foran raised the price target on Capital One Financial (NYSE: COF) to $257.00 (from $229.00) while maintaining a Buy rating.

The analyst commented: "We increase our Capital One 2025E deal pro forma EPS to $16.15 ($14.82 prior), 2026E to $20.08 ($19.01 prior), 2027E to $23.41 ($21.23 prior) and 2028E to $25.17 ($22.29 prior). We increase our price target to $257 based on our 2027 EPS and a 11x NTM multiple. A key driver to our estimate and price target increases is an improved earnings outlook for both Capital One and Discover from an improved outlook on credit and NIM."

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