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Fly News Breaks for January 28, 2016
COF
Jan 28, 2016 | 07:44 EDT
UBS lowered its price target on Capital One to $88 from $96 following Q4 results. The firm said the company remains one of the best positioned card companies based on valuation and believes it should trade at a regional banks multiple. UBS believes investors will come to understand the company's long-term earnings picture and its multiple will expand. UBS reiterated its Buy rating on Capital One shares.