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

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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
Sep 2014NomuraUpgradesNeutralBuy
Jul 2014FBR CapitalUpgradesMarket PerformOutperform
Jul 2014Portales PartnersUpgradesUnderperformOutperform

View More Analyst Ratings for JPM
View the Latest Analyst Ratings

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

 

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