FBR, Stifel Nicolaus Downgrade JPMorgan (JPM) Following 'London Whale' Losses
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Price: $351.55 --0%
Rating Summary:
22 Buy, 25 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 13
Rating Summary:
22 Buy, 25 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 13
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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.
Visit our Analyst Ratings page to track all the market-moving analyst action on shares of JPMorgan.
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.
Visit our Analyst Ratings page to track all the market-moving analyst action on shares of JPMorgan.
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