Analysts Bullish on Capital One Financial (COF) Evidenced by Multiple Buy Ratings

Capital One Financial Corporation (NYSE:COF) is among the stocks Wall Street analysts are watching closely. On November 20, UBS maintained its Buy rating on Capital One Financial Corporation (NYSE:COF) and a price target of $270. While utilising its HOLT framework, the bank finds that the market appears to be pricing in almost no improvement in the company’s cash flow ROE following its acquisition of Discover Financial Services, which could possibly result in synergies.

Earlier on November 18, BofA analyst Mihir Bhatia also reaffirmed a Buy rating on the stock with a price target of $248. Although the analyst acknowledged volatility in credit metrics, he believes that the company’s credit performance is stable and broadly in line with his expectations, which supports his positive view.

Capital One Financial Corporation’s (NYSE:COF) positive outlook was further supported by an analyst at Wolfe Research, who raised the price target on Capital One Financial Corporation (NYSE:COF) to $262 from $260, with an ‘Outperform’ rating, on October 22.

Capital One Financial Corporation (NYSE:COF) is a Virginia-based financial services holding company providing financial products and services. Founded in 1988, the company operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

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