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Fly News Breaks for June 8, 2016
COF
Jun 8, 2016 | 06:49 EDT
Sterne Agee CRT analysts led by Henry Coffey Jr downgraded Capital One to Neutral and established a $67.50 price target. Coffey believes Capital One will continue to underperform for a number of reasons including ongoing business line challenges, the impact on credit costs from Energy lending, lower spreads in auto, and long-term branch structural issues.
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