JPMorgan upgraded Capital One (COF) to Overweight from Neutral with a price target of $213, down from $256. The firm names Capital One its top pick for the consumer finance sector amid the “volatile and unpredictable” macroeconomic environment. JPMorgan sees limited downside from current share levels “unless new tail risks emerge.” The stock’s current setup offers a more attractive entry point as the company works to realize synergies from recent acquisitions, the analyst tells investors in a research note.
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