Goldman Sachs Removes JPMorgan (JPM) from Conviction Buy List
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Price: $53.63 --0%
Rating Summary:
13 Buy, 6 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 10 | New: 10
Rating Summary:
13 Buy, 6 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 10 | New: 10
Trade JPM Now!
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, with a 52 week range of $30.83-$46.49.
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"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, with a 52 week range of $30.83-$46.49.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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Goldman Sachs Conviction Buy List, JPMorgan, Goldman Sachs, Citi
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