Morgan Stanley Maintains Overweight on JPMorgan Chase, Raises Price Target to $221
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Betsy Graseck has maintained an Overweight rating on JPMorgan Chase (NYSE:JPM) and increased the price target from $191 to $221.
January 30, 2024 | 11:40 am
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POSITIVE IMPACT
Morgan Stanley's analyst Betsy Graseck reaffirmed an Overweight rating on JPMorgan Chase and raised the price target to $221, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Betsy Graseck suggests a strong conviction in JPMorgan Chase's future performance. This typically instills confidence in investors and can lead to a short-term increase in the stock price as market participants react to the positive news.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100