Market Overview

JP Morgan Shares Rally Following Raymond James Upgrade to Strong Buy

Share:
Related JPM
Markets Hug Flat Line In Early Going As Investors Digest Earnings, Economic Data
The Market In 5 Minutes: B-Dubs, Jeff Sessions, Donald Jr., And More
Stocks Down, Banks Break Out; Will Apple's Growth Moderate In The Future? (Investor's Business Daily)

JP Morgan (NYSE: JPM) earlier received an upgrade from Raymond James' Anthony Polini. The analyst now rates JP Morgan shares a Strong Buy, up from Outperform previously. Polini's price target on JP Morgan was raised from $55 to $64, implying 20 percent upside from the current share price.

Polini called JP Morgan a top pick for Raymond James.

Polini cited an encouraging EPS growth outlook and lessened concerns over last year's "London whale" debacle.

The Raymond James analyst boosted his 2013 EPS estimate from $5.60 to $5.75 and his 2014 estimate from $5.75 to $6.00. The Wall Street consensus for FY13 currently sits at $5.73, while the FY14 consensus sits at $5.97.

Shares of JP Morgan are up nearly 2.7 percent to $53.50 about an hour into Tuesday's trading session.

Latest Ratings for JPM

DateFirmActionFromTo
Oct 2017BarclaysMaintainsOverweight
Oct 2017NomuraMaintainsNeutral
Oct 2017Bank of AmericaMaintainsBuy

View More Analyst Ratings for JPM
View the Latest Analyst Ratings

Posted-In: Analyst Color News Upgrades Price Target Analyst Ratings

 

Related Articles (JPM)

View Comments and Join the Discussion!

Partner Center