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Ahead of the Bell: Capitol Federal upgraded
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NEW YORK (AP) — An analyst upgraded bank holding company Capitol Federal Financial Monday, predicting it will outperform its troubled finance-sector peers due in part to the stable credit quality of its loans.
Keefe Bruyette & Woods analyst Damon DelMonte raised his rating to "Market Perform" from "Underperform," but lowered his share price target to $30 from $34.
DelMonte's previous rating was not related to fundamentals, but was "purely a valuation call," he said in a note to investors. The stock is down 34 percent from its 52-week peak of $51.56 set in September. ...
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