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Goldman Sachs Removes JPMorgan (JPM) from Conviction Buy List

January 4, 2013 7:24 AM EST Send to a Friend
Get Alerts JPM Hot Sheet
Price: $57.67 -2.1%

Rating Summary:
    18 Buy, 8 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 26 | Down: 32 | New: 6
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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.




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Analyst PT Change, Downgrades

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

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