Rochdale's Dick Bove Upgrades Capital One (COF) to Buy

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April 20, 2012 10:58 AM EDT
Get Alerts COF Hot Sheet
Price: $227.34 +1.57%

Rating Summary:
    28 Buy, 14 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Rochdale Securities' Dick Bove issued an early-morning upgrade on shares of Capital One Financial (NYSE: COF) Friday. The raised investment rating follows better-than-expected Q1 results from Capital One Thursday afternoon.

Bove now rates Capital One shares a Buy, up from Neutral previously. The analyst raised his price target on the stock from $53 to $65.

With Capital One shares up 1.2 percent to $54.59 at last check, Bove's new price target represents potential upside of about 19 percent.

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 $53.93 yesterday.

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