Odeon Capital analyst Dick Bove upgraded JPMorgan to Buy from Hold with a $153.60 price target after the company "won the competition to acquire the now defunct First Republic." JPMorgan could conceivably earn between $500M to $1B-plus in net income from this deal on an annual basis, says the firm, which adds that this deal "may prove to be the best acquisition the JPMorgan has made in a couple of decades."
Published first on TheFly
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