HSBC Initiates Coverage On Capital One Finl with Reduce Rating, Announces Price Target of $84
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Saul Martinez has initiated coverage on Capital One Financial (NYSE:COF) with a 'Reduce' rating and a price target of $84.
October 13, 2023 | 10:49 am
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HSBC has initiated coverage on Capital One Financial with a 'Reduce' rating and a price target of $84, which could potentially lead to a decrease in the stock's price.
The 'Reduce' rating given by HSBC indicates a negative outlook for Capital One Financial. This, coupled with the price target of $84, suggests that the analyst believes the stock is currently overvalued, which could lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100