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Fly News Breaks for December 19, 2016
COF
Dec 19, 2016 | 06:47 EDT
Citi analyst Donald Fandetti added Capital One to his firm's Focus List and upped his price target for the shares to $105 from $100. Card loan growth in the U.S. could accelerate to 8%-9% over the next 12 months as the "consumer is healthy and banks are looking for growth," the analyst contends. He sees a more favorable outlook for the Card Payments sector under a Trump administration and keeps a Buy rating on Capital One.
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