Capital One COF Stock Upgraded August 24 - 2009

8/24/09 - Shares of Capital One Financial Corp. (COF) are set to open slightly higher in pre market trading this morning as Barclays has issued a key upgrade.

Price Target - $50

Barclays is upgrading Capital One citing long-term earnings growth as the company benefits from declining charge-offs and credit costs.

The next major resistance level I see on the charts for COF is the early November high of $41.29.

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