Credit Suisse Upgrades JP Morgan Chase to Buy

By Carrie Williams

Credit Suisse analyst Susan Roth Katzke upgraded JP Morgan Chase (NYSE: JPM) to Buy on April 12 and set a price target of $127. The company’s shares closed yesterday at $110.30.

According to TipRanks.com, Katzke is a 5-star analyst with an average return of 20.3% and a 76.7% success rate. Katzke covers the Financial sector, focusing on stocks such as Morgan Stanley, SunTrust Banks, and PNC Financial.

Currently, the analyst consensus on JP Morgan Chase is Moderate Buy and the average price target is $125.80, representing a 14.1% upside.

In a report issued on April 6, Vining Sparks also maintained a Buy rating on the stock with a $130 price target.

The company has a one-year high of $119.33 and a one-year low of $81.64. Currently, JP Morgan Chase has an average volume of 16.76M.

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