JP Morgan Downgrades Capital One Finl to Neutral, Raises Price Target to $131
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Richard Shane has downgraded Capital One Financial (COF) from Overweight to Neutral but increased the price target from $111 to $131.
January 04, 2024 | 12:23 pm
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NEUTRAL IMPACT
Capital One Financial was downgraded by JP Morgan from Overweight to Neutral, although the price target was raised from $111 to $131.
The downgrade to Neutral suggests that JP Morgan sees limited upside potential or increased risk in COF's stock, which could temper investor enthusiasm. However, the increase in the price target to $131 indicates a belief that the stock still has room to grow from its current level. The mixed nature of this news may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100