JPMorgan price target raised to $320 from $300 at Wells Fargo

Wells Fargo raised the firm’s price target on JPMorgan (JPM) to $320 from $300 and keeps an Overweight rating on the shares. The firm says that JPMorgan’s internally generated organic growth is better than it and likely many others appreciate. Wells think JPMorgan is a high-quality, steadily growing, best-in-class global bank that has set itself apart with its ability to invest for growth.