Barclays raised the firm’s price target on Capital One (COF) to $253 from $212 and keeps an Overweight rating on the shares. The firm updated the company’s model for the acquisition of Discover. It models 2027E earnings per share of $25.28, implying 20% accretion versus prior estimates. The analyst remains Overweight on merger accretion and longer-term multiple re-rating potential.
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