Market Overview

UPDATE: Morgan Stanley Raises PT on JPMorgan Following 2013 Investor Day

Share:
Related JPM
The Market In 5 Minutes
Where Will The Money Rotate In Q3?
Schmidt P J Investment Management Inc Buys Schneider National Inc, Walt Disney Co, iShares Core ... (GuruFocus)

In a report published Wednesday, Morgan Stanley reiterated its Overweight rating on JPMorgan Chase & Co. (NYSE: JPM), and raised its price target from $56.00 to $58.00.

Morgan Stanley noted, “Investor day highlighted market share gains driven by investment spend…in-line with est. Commentary on market structure regulation (derivative clearing, pre/post trade transparency) better than expected as JPM estimated topline hit of $1-2b, below our est of $1.1b-2.8b. Many puts/takes, but JPM is notably ahead of peers in providing a range. Ex Volcker which JPM expects will be reasonable.”

JPMorgan Chase & Co. closed on Tuesday at $47.60.

Latest Ratings for JPM

DateFirmActionFromTo
Jul 2017Credit SuisseMaintainsOutperform
Jul 2017Goldman SachsReinstatesNeutralNeutral
Apr 2017GuggenheimUpgradesNeutralBuy

View More Analyst Ratings for JPM
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Price Target Analyst Ratings

 

Related Articles (JPM)

View Comments and Join the Discussion!