Capital One Financial (COF) option implied volatility steady after acquiring Discover (DFS)

Go back to Capital One Financial (COF) option implied volatility steady after acquiring Discover (DFS)

Evercore ISI Downgrades Capital One Financial (COF) to In Line

February 22, 2024 4:21 AM EST

Evercore ISI analyst John Pancari downgraded Capital One Financial (NYSE: COF) from Outperform to In Line with a price target of $142.00 (from $160.00).

The analyst comments "Moving to sidelines as DFS deal uncertainty could limit upside; constructive on L/T outlook. We are downgrading COF to In Line from Outperform as we expect uncertainty re: regulatory approval of the DFS deal, lengthy TBV earnback & sizable... More