JPMorgan price target raised to $290 from $280 at Truist

Truist raised the firm’s price target on JPMorgan (JPM) to $290 from $280 and keeps a Hold rating on the shares as part of a broader research note previewing Q2 results for U.S. Banks. The recessionary fears that drove the steep sell-off ahead of last quarter’s results mostly played out in multiples, as did the subsequent rebound, the analyst tells investors in a research note.