Jefferies Starts Capital One Financial (COF) at Hold
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Price: $212.48 -3.74%
Rating Summary:
28 Buy, 14 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 5 | Down: 4 | New: 11
Rating Summary:
28 Buy, 14 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 5 | Down: 4 | New: 11
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Jefferies assumes coverage on Capital One Financial (NYSE: COF) with a Hold rating and $40 price target.
The firm comments, "Credit fundamentals are turning and we are beginning to see a relative inflection in credit. Early stage delinquencies are moving higher and we expect credit losses to follow. Despite an inexpensive valuation, we see no compelling reason to buy the stock in front of credit normalization."
For more ratings news on Capital One Financial click here and for the rating history of Capital One Financial click here.
Shares of Capital One Financial closed at $37.75 yesterday.
The firm comments, "Credit fundamentals are turning and we are beginning to see a relative inflection in credit. Early stage delinquencies are moving higher and we expect credit losses to follow. Despite an inexpensive valuation, we see no compelling reason to buy the stock in front of credit normalization."
For more ratings news on Capital One Financial click here and for the rating history of Capital One Financial click here.
Shares of Capital One Financial closed at $37.75 yesterday.
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