Baird Downgrades Capital One Finl to Neutral, Lowers Price Target to $145
Portfolio Pulse from Benzinga Newsdesk
Baird analyst David George downgraded Capital One Financial (COF) from Outperform to Neutral and reduced the price target from $150 to $145, indicating a more cautious outlook on the company's stock.
January 08, 2024 | 12:23 pm
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NEGATIVE IMPACT
Capital One Financial was downgraded by Baird from Outperform to Neutral with a lowered price target, suggesting a tempered expectation for the stock's performance.
Analyst downgrades typically lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The reduction in the price target further reinforces the expectation of a lower future stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100