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Fly News Breaks for February 17, 2017
COF
Feb 17, 2017 | 05:31 EDT
Goldman Sachs analyst Ryan Nash upgraded Capital One to Buy and raised his price target for the shares to $110 from $106. Almost all of the bank's increases in losses during 2016 can be explained by "growth math," which should have a "finite life to it," Nash tells investors in a research note. The analyst expects the impact to level off in the first half of 2017 and believes Capital One's earnings leverage is being underestimated by the Street.