Morgan Stanley Maintains Overweight on JPMorgan Chase, Lowers Price Target to $220
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Betsy Graseck maintains an Overweight rating on JPMorgan Chase but lowers the price target from $226 to $220.
September 12, 2024 | 1:16 pm
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NEUTRAL IMPACT
Morgan Stanley has maintained its Overweight rating on JPMorgan Chase but has lowered the price target from $226 to $220, indicating a slightly less optimistic outlook.
The Overweight rating suggests continued confidence in JPMorgan Chase's performance, but the lowered price target reflects a slightly reduced expectation for its stock price. This could lead to a neutral short-term impact as the overall sentiment remains positive but with tempered expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100