B of A Securities Upgrades Capital One Finl to Buy, Raises Price Target to $129
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Mihir Bhatia upgraded Capital One Financial (COF) from Neutral to Buy and increased the price target from $112 to $129.

December 06, 2023 | 3:05 pm
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POSITIVE IMPACT
Capital One Financial (COF) was upgraded by B of A Securities from Neutral to Buy, with a raised price target from $112 to $129, indicating a positive outlook on the stock.
Upgrades by analysts, especially from neutral to buy, typically result in a positive short-term reaction in the stock price as it reflects a bullish view on the company's future performance. The increase in price target further strengthens the positive sentiment.
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IMPORTANCE 85
RELEVANCE 100