RBC Capital analyst Jon Arfstrom raised the firm’s price target on Capital One (COF) to $255 from $240 and keeps a Sector Perform rating on the shares. Capital One’s Q2 was “monumental” with the Discover acquisition close in May and RBC sees Capital One as well positioned, with a differentiated technology stack and ownership of a payment network, both of which should drive longer term strategic advantages, the analyst tells investors in a research note.
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