Morgan Stanley Maintains Underweight on Capital One Finl, Lowers Price Target to $86
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Betsy Graseck has maintained an 'Underweight' rating on Capital One Financial (COF) and lowered the price target from $92 to $86.
October 03, 2023 | 2:04 pm
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NEGATIVE IMPACT
Morgan Stanley has maintained an 'Underweight' rating on Capital One Financial and lowered the price target, which could negatively impact the stock's price.
The 'Underweight' rating indicates that Morgan Stanley believes COF's stock will underperform compared to other stocks. The lowering of the price target from $92 to $86 suggests that they expect the stock's price to decrease. This could lead to a negative sentiment among investors, potentially causing a decrease in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100