BofA raised the firm’s price target on JPMorgan to $188 from $177 and keeps a Buy rating on the shares. While JPMorgan’s relative size is often seen as an obstacle to achieving superior growth, management has repeatedly proven itself as able to use its scale as a strategic advantage while staying nimble, says the analyst, who views the shares as offering an attractive risk/reward to add exposure to U.S. banks despite two years of back-to-back outperformance.
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