Capital One price target lowered to $275 from $290 at Truist

Truist lowered the firm’s price target on Capital One (COF) to $275 from $290 and keeps a Buy rating on the shares. The firm lowered estimates “modestly” following the bank’s earnings report last week, noting the lowered estimates are mostly due to higher expenses and dilution from the Brex deal. From here, the key investor debate is clearly whether expenses have finally moved enough, the analyst tells investors in a research note.