Deutsche Bank Upgrades JPMorgan Chase to Buy, Raises Price Target to $190
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Matt O'Connor upgraded JPMorgan Chase (NYSE:JPM) from Hold to Buy and increased the price target from $140 to $190, indicating a positive outlook on the bank's stock.
January 09, 2024 | 11:58 am
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POSITIVE IMPACT
JPMorgan Chase was upgraded by Deutsche Bank from Hold to Buy with a raised price target from $140 to $190, suggesting a bullish stance on the stock.
Upgrades by major analysts like Deutsche Bank can lead to increased investor confidence and a potential rise in stock price. The substantial increase in the price target from $140 to $190 reflects a strong conviction in JPMorgan Chase's future performance, which could attract more buyers in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100