Wells Fargo keeps an Overweight rating and $280 price target on Capital One (COF) after its Q4 results and Brex deal. The management’s tone on the consumer remains constructive, and the firm is also positive on the strategic merit of the Brex acquisition as it will boost Capital One’s corporate and small-enterprise card business and capabilities as it has many notable tech companies as existing customers, the analyst tells investors in a research note.
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