J.P. Morgan Suspends Rating And Price Target On Capital One

According to J.P. Morgan, Capital One COF price target and rating is suspended. J.P. Morgan said that, due to its involvement in the transaction announced on June 16, 2011, it is suspending its rating and price target on Capital One (COF). “Our prior rating and price target should no longer be relied on.” Capital One closed yesterday at $49.00.