Fly News Breaks for April 25, 2018
COF
Apr 25, 2018 | 09:22 EDT
BMO Capital analyst James Fotheringham lowered his price target on Capital One to $133 after the company's Q1 results, saying that despite the earnings beat, "higher expected taxes and fewer buybacks offset lower expected provisions" for loan loss. The analyst keeps his Outperform rating however, noting the stock price has some upside based on its discount valuation relative to regional banks as the company remains his "highest-conviction long-term investment recommendation" in the space.
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