Barclays lowered the firm’s price target on Capital One (COF) to $287 from $294 and keeps an Overweight rating on the shares following the Q4 report. The company announced the acquisition of Brex, indicating plans to build out its product suite further and lean into commercial cards, which is a positive, the analyst tells investors in a research note. The firm says Capital One’s credit continues to improve and its capital returns accelerated in the quarter.
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