Oppenheimer lowered the firm’s price target on JPMorgan to $217 from $219 and keeps an Outperform rating on the shares following quarterly results. “Other than that perhaps everyone already owns and loves it and that there was no major upping of guidance,” the firm doesn’t see why the stock should have traded down. The results looked like a solid beat to Oppenheimer.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on JPM:
- JPMorgan price target lowered to $219 from $229 at Goldman Sachs
- Citigroup Stock (NYSE:C): Momentum Can Pick Up from Here
- JPMorgan Stock (NYSE:JPM): Learn to Accept Uncertainty and High Interest Rates
- JPMorgan Chase Q1 Earnings Review and Investor Caution
- Unusually active option classes on open April 12th