Goldman Sachs Removes JPMorgan (JPM) from Conviction Buy List

January 4, 2013 7:24 AM EST
Get Alerts JPM Hot Sheet
Price: $86.70 --0%

Rating Summary:
    18 Buy, 18 Hold, 4 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 10 | Down: 5 | New: 2
Trade JPM Now!
Join SI Premium – FREE
Goldman Sachs removes JPMorgan (NYSE: JPM) from its Conviction Buy List, but maintains a Buy rating and set a price target of $52.00 (from $50.00).

"While we still view JPM as a best-in-class franchise positioned to grow EPS and increase capital deployment in 2013, we see more valuation upside for banks with restructuring catalysts as a result of a more challenging starting point on funding costs and environmental expenses," the analyst comments.

NOTE: Citigroup (NYSE: C) was added to the Conviction Buy List.

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 $44.57 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst PT Change, Downgrades

Related Entities

Goldman Sachs Conviction Buy List, JPMorgan, Goldman Sachs, Citi

Add Your Comment