Market Overview

Morgan Stanley Feels Confident in J.P. Morgan Chase Ahead of Company Investor Day

Share:
Related JPM
Technical Alert: JP Morgan Reaches Highest Level Since November
Barron's Picks And Pans: Best Dividend Stocks, Symantec, GoldCorp And More
Stocks Dip, Volume Rises; Apple Extends Losses On EU Ruling (Investor's Business Daily)

In a report published Thursday, Morgan Stanley analyst Betsy L. Graseck reiterated an Overweight rating and $68.00 price target on J.P. Morgan Chase (NYSE: JPM).

In the report, Morgan Stanley noted, “Expect JPM to show that it's taking share across its businesses, investing in growth initiatives and has opportunities to optimize the balance sheet and become more efficient. Stock is cheap at 8.5x 2015 P/E. We see 18% upside to our $68 price target.”

J.P. Morgan Chase closed on Wednesday at $57.52.

Latest Ratings for JPM

DateFirmActionFromTo
Aug 2016BernsteinDowngradesOutperformMarket Perform
Aug 2016CitigroupDowngradesBuyNeutral
Jul 2016Keefe Bruyette & WoodsMaintainsOutperform

View More Analyst Ratings for JPM
View the Latest Analyst Ratings

Posted-In: Betsy L. Graseck Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

Related Articles (JPM)

View Comments and Join the Discussion!