UPDATE: J.P. Morgan Initiates Coverage on Quality Distribution - The 2023 ETF Series Trust II GMO U.S. Quality ETF (ARCA:QLTY)

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

According to a research report published this morning, J.P. Morgan has initiated Quality Distribution (NASDAQ: QLTY) with an Overweight rating and $17 PT.In the report, J.P. Morgan commented, "We believe the combination of an asset-light business model with strong free cash flow, modest revenue growth and margin expansion in its chemicals and intermodal tank businesses, and expansion of its energy logistics footprint (including recently completed acquisitions) should support attractive EPS growth and upside for QLTY stock in '12. While QLTY faces risks such as the impact of low natural gas prices on its Marcellus activity, the diversity of potential drivers gives us confidence that QLTY can deliver solid EPS growth in '12 and '13."Quality Distribution is currently trading at $12.09.

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!