Morgan Stanley Feels Confident in J.P. Morgan Chase Ahead of Company Investor Day
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.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.