Citi analyst Keith Horowitz raised the firm’s price target on Capital One (COF) to $245 from $225 and keeps a Buy rating on the shares. The company reported a core beat on fees, partially offset by softer net interest income, in Q4, the analyst tells investors in a research note. The firm says Capital One’s credit metrics were strong and management remained constructive regarding the health of the U.S. consumer. Citi sees the pending Discover (DFS) deal as “key to unlocking long-awaited payoff from years of significant investment spend.”
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