Rochdale's Bove Lifts JPMorgan (JPM) Price Target to $58

September 17, 2009 10:37 AM EDT

Rochdale Securities' bank analyst Richard Bove lifted his price target on JPMorgan Chase & Co. (NYSE: JPM) from $40 to $58, while maintaining his Buy rating. Bove cited a different valuation methodology.

JPMorgan Chase & Co., a financial holding company, provides a range of financial services worldwide. It operates in six segments: Investment Bank, Commercial Banking, Treasury & Securities Services, Asset Management, Retail Financial Services, and Card Services.


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