JPMorgan (JPM) PT Lowered to $127 at Morgan Stanley

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Citi Upgrades JPMorgan (JPM) to Buy as Valuation is No Longer Premium

July 12, 2022 9:21 AM EDT

Citi analyst Keith Horowitz upgraded shares of JPMorgan (NYSE: JPM) to Buy from Neutral with a $135 per share price target, down from $145.

The analyst describes JPMs valuation as no longer premium while higher capital levels (and limited buybacks) now seem priced in. Moreover,... More