Capital One price target lowered to $190 from $200 at RBC Capital

RBC Capital analyst Jon Arfstrom lowered the firm’s price target on Capital One (COF) to $190 from $200 and keeps a Sector Perform rating on the shares as part of a broader research note previewing Q1 results for Consumer Finance names. The firm anticipates consistent though seasonally-driven fundamental trends, with lower loans and volumes in the quarter, the analyst tells investors in a research note. RBC also expects stable credit trends, with improvement in year over year delinquencies for most names, warning however that Q1 loan loss provisions and reserve levels may reflect the recent more uncertain environment.