Stifel Nicolaus Raises PT on Capital One to $64 (COF)

Stifel Nicolaus is out with its report today on Capital One COF, raising its price target from $60 to $64. In a note to clients, Stifel Nicolaus writes, "In conjunction with our updated credit card industry macro forecast, we are raising estimates and reiterating our Buy rating on shares of COF. Our new target price on COF shares is $64 based on 10.7x our core 2012 EPS estimate of $6.00." Shares of COF closed Monday at $51.82.