Analysts at HSBC downgraded JPMorgan Chase & Co. JPM from Neutral to Underweight, and trimmed their price target from $61 to $55.50 after the company posted decreasing profit on the back of higher-than-expected legal charges and increasing reserves for loans that could sour.
Credit Suisse initiated coverage on Bank of America Corp BAC with an Overweight and a $21 price target, while Barclays maintained a Hold and a $20 price target.
Guggenheim Securities also weighed in on the stock on December 16, rating it as a Buy with a $20 price target.
Small-Cap Options
Texas Capital Bancshares Inc TCBI saw Barclays reiterate an Overweight rating on Tuesday, setting a price target of $57.
On Monday, Wunderlich issued a report on southern regional banks and rated Texas Capital Bancshares as a Buy, fixing the price target at $75. Moreover, on December 11, Jefferies also issued a Buy with a $63 price target.
The stock trades below $45.
On January 6, Barclays recommended two more banks: First Interstate BancSystem Inc FIBK and Capital Bank Financial Corp CBF. The research firm reiterated Overweight ratings for both stocks, respectively accompanied by price targets of $31 and $28.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
