UPDATE: Nomura Upgrades JP Morgan Chase

In a note out Wednesday morning, analysts at Nomura Securities upgraded JP Morgan Chase JPM from Neutral to Buy, with a $69 price target.

The $69 price target is 15 percent higher than the current price of JP Morgan, as the stock is approaching the highs set back in early March at $61.07.

Shares were higher by 0.58 percent at $60.02 in pre-market trading.