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Fly News Breaks for February 11, 2016
COF
Feb 11, 2016 | 08:27 EDT
As previously reported, BofA/Merrill downgraded Capital One to Neutral from Buy. Analyst Kenneth Bruce said US consumers are in a decent financial position, but may be at risk of a material domestic slow-down, which could pressure valuations. The analyst thinks Capital One's valuation will be discounted until macro visibility improves and lowered his price target to $66 from $88 on shares.
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