JPMorgan (JPM) Shares Raised to Buy at Stifel Nicolaus

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Stifel Nicolaus' Christopher Mutascio upgraded shares of JPMorgan (NYSE: JPM) from Hold to Buy Tuesday morning. The analyst set a new $40 price target on the stock.

The upgrade comes amid earlier Reuters reports JPMorgan has agreed to invest around $400 million in India's Skil Infrastructure.

Shares are trading about 0.3 percent lower in pre-market action. The stock last traded at $32.34, suggesting potential upside of about 24 percent.

For more ratings news on JPMorgan click here and for the rating history of JPMorgan click here.

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