Capital One price target raised to $173 from $161 at BofA

BofA raised the firm’s price target on Capital One (COF) to $173 from $161 and keeps a Buy rating on the shares after the company reported Q3 adjusted EPS of $4.51, “well above” the firm’s consensus-like $3.81 estimate, driven by higher net interest income and lower provisions. Overall, the Q3 report was “encouraging” as loss rates were better-than-expected, the reserve rate fell quarter-over-quarter, and purchase volume growth was stable quarter-over-quarter, all of which “signal a relatively healthy consumer,” the analyst tells investors.