UPDATE: Morgan Stanley Raises J.P. Morgan's PT
According to a research report published today, Morgan Stanley has increased J.P. Morgan's (NYSE: JPM) PT from $42 to $45.
In the report, Morgan Stanley said, “Consensus view is JPM is cutting commercial loan pricing to take share. We disagree. JPM is taking share even though its loan yields are drifting higher as seen in call reports. Boosting EPS on higher NIM, better loan growth.”
Morgan Stanley maintains its Overweight rating on J.P. Morgan, which closed yesterday at $40.50.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Tags: Morgan Stanley