JPMorgan price target raised to $179 from $173 at Morgan Stanley

Morgan Stanley analyst Betsy Graseck raised the firm’s price target on JPMorgan to $179 from $173 and keeps an Overweight rating on the shares. The firm is lowering its 2023 EPS estimate by less than 1% to $16.42 on lower investment banking and trading revenues, while raising its 2024 EPS forecast 4% to $14.90 on higher net interest income and lower expenses.