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Investing.com – Capital One stock (NYSE:COF) traded 4.5% lower Monday as Baird analyst downgraded the stock’s rating to underperform because of an unattractive risk-reward trade-off.
Analyst David George kept the $145 target for the stock unchanged while cutting his rating from neutral.
Baird’s target price is nearly 14% lower than the stock’s current level of $168.
Capital One shares have massively outperformed the broader S&P 500, climbing 78% year-to-date against the 21% rise in index. He said expectations from the stock are quite high.
Seaport Global Securities analyst Bill Ryan initiated initiated coverage on Capital One with a neutral rating.
