Goldman Sachs Removed JPMorgan (JPM) from Conviction Buy List

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Goldman Sachs removed JPMorgan (NYSE: JPM) from its Conviction Buy List, but maintained a Buy rating and lifted its price target slightly from $41 to $42.

The firm continues to like JPMorgan, but with several of its businesses outperforming
recently they see less room for upward estimate revisions in 2012.

Morgan Stanley (NYSE: MS) 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 $37.21 yesterday, with a 52 week range of $27.85-$48.36.

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