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Capital One Upgraded to “Overweight” at Morgan Stanley (COF)

Credit card issuer Capital One Financial Corp. ( COF ) on Friday saw its rating and price target boosted by analysts at Morgan Stanley.

The firm said it upgraded COF from "Equal Weight" to "Overweight" while lifting its price target from $50 to $60. That new target suggests a nearly 23% upside from the stock's Thursday closing price of $48.97.

Capital One shares rose 80 cents, or +1.6%, in premarket trading Friday.

The Bottom Line

Shares of Capital One Financial ( COF ) have a .41% dividend yield, based on last night's closing stock price of $48.97. The stock has technical support in the $46 price area. If the shares can firm up, we see overhead resistance around the $52-$53 price levels.

Capital One Financial Corp. ( COF ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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