JPMorgan price target raised to $157 from $150 at Piper Sandler

Piper Sandler analyst R. Scott Siefers raised the firm’s price target on JPMorgan to $157 from $150 and keeps an Overweight rating on the shares following the Q4 results. The analyst views JPMorgan as having the "most defensible outlook" of the universal banks. Its strong capital and reserves position it well for whatever macro weakness may come, Siefers tells investors in a research note.