Baird Adds Capital One Financial (COF) to Fresh Pick List

February 26, 2020 8:06 AM EST
Get Alerts COF Hot Sheet
Price: $160.08 -0.84%

Rating Summary:
    25 Buy, 11 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 18 | Down: 12 | New: 23
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Baird analyst David George reiterated an Outperform rating and $115.00 price target on Capital One Financial (NYSE: COF).

The analyst adds the name to the Baird Fresh Pick list and comments "The BKX has sold off nearly 10% in the past few days with the sharp decline in interest rates. While the lasting impact from COVID-19 is unknown, the focus on rates and sharp risk-off trade in banks are among the rising indications of fear in the group. There are more dislocations emerging, and we would be adding to COF positions with shares trading at ~1.1x TBV and near-term fundamentals likely to remain solid. New Fresh Pick."

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 $92.90 yesterday.



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Robert W Baird