A Few Stocks To Look At Amid JP Morgan Post-Earnings Downgrade
Analysts at HSBC downgraded JPMorgan Chase & Co. (NYSE: 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.
Guggenheim Securities also weighed in on the stock on December 16, rating it as a Buy with a $20 price target.
Texas Capital Bancshares Inc (NASDAQ: 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 (NASDAQ: FIBK) and Capital Bank Financial Corp (NASDAQ: CBF). The research firm reiterated Overweight ratings for both stocks, respectively accompanied by price targets of $31 and $28.
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