Morgan Stanley Maintains Underweight on Capital One Finl, Raises Price Target to $92
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Betsy Graseck maintains an Underweight rating on Capital One Financial (COF) and raises the price target from $86 to $92.
July 21, 2023 | 1:33 pm
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Morgan Stanley maintains an Underweight rating on Capital One Financial (COF) and raises the price target from $86 to $92.
The Underweight rating maintained by Morgan Stanley suggests that they expect COF's stock to underperform compared to other stocks. However, the increase in price target from $86 to $92 indicates a positive outlook on the stock's future performance. The net impact is likely to be negative in the short term due to the Underweight rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100