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Capital One price target raised to $237 from $235 at JPMorgan

JPMorgan raised the firm’s price target on Capital One (COF) to $237 from $235 and keeps a Neutral rating on the shares post the Q3 report. The company announced a $16B share repurchase authorization, increased the quarterly dividend to 80c, and released $760M of reserves driven by strong credit performance in the portfolio, the analyst tells investors in a research note.

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