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Deutsche Bank Raises Price Objective on JPMorgan (JPM) to a Cool $50

March 30, 2012 10:46 AM EDT
Get Alerts JPM Hot Sheet
Price: $200.30 +0.39%

Rating Summary:
    22 Buy, 19 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Deutsche Bank raised its price target on Buy-rated JPMorgan (NYSE: JPM) from $45 to $50, reflecting likely better than expected capital markets revenue and slightly more positive outlook on capital deployment.

"Our new PT assumes JPM trades roughly in-line to our target group multiple of 9.5x 2013E," the firm said.

For an analyst ratings summary and ratings history on JPMorgan click here. For more ratings news on JPMorgan click here.

Shares of JPMorgan closed at $45.67 yesterday.


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Analyst Comments, Analyst PT Change

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Deutsche Bank, JPMorgan