JPMorgan price target raised to $165 from $155 at Wells Fargo

Wells Fargo analyst Mike Mayo raised the firm’s price target on JPMorgan to $165 from $155 and keeps an Overweight rating on the shares. JPMorgan’s Q1 EPS beat by 20%-25% reflected the firm’s "Goliath is Winning" theme in terms of growth, scale, and resiliency, Wells says.