FBR, Stifel Nicolaus Downgrade JPMorgan (JPM) Following 'London Whale' Losses

May 11, 2012 8:01 AM EDT
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Price: $83.67 +0.44%

Rating Summary:
    17 Buy, 19 Hold, 4 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Following Wednesday afternoon's surprise conference call to announce some mark-to-market losses and the resulting 8 percent decline in the stock, analysts at FBR and Stifel Nicolaus have downgraded shares of JPMorgan (NYSE: JPM) Friday morning.

FBR now rates the stock a Market Perform, down from Outperform previously, while Stifel lowered its investment rating from Buy to Hold. FBR reduced its price target on JPMorgan shares from $50 to $37.

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