Goldman Sachs analysts added Capital One (COF) to the firm’s US Conviction List as part of its monthly update. Goldman has a Buy rating on the shares with a $242 price target The Discover merger has the potential to drive substantial earnings accretion for the combined bank and unlock a multi-year capital return strategy, the analyst tells investors in a research note.
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Read More on COF:
- Capital One price target raised to $233 from $223 at BofA
- Capital One Financial’s Strategic Acquisition of Discover Financial Drives Buy Rating and Price Target Increase
- M&A News: What the Capital One–Discover $35B Merger Means for Cardholders
- Capital One Completes Acquisition of Discover Financial
- Strong Credit Performance and Loan Growth Support Buy Rating for Capital One Financial
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