- The shares of JPMorgan Chase & Co. (NYSE: JPM) have increased a price target increase from $179 to $182 by DA Davidson recently. This is why it happened.
The shares of JPMorgan Chase & Co. (NYSE: JPM) have increased a price target increase from $179 to $182 by DA Davidson recently. And DA Davidson analyst David Konrad is maintaining a “Buy” rating on the company shares.
Konrad noted that JPMorgan’s first-quarter results were strong with loan-loss provision benefits that offset the net interest income miss. And Konrad also added that given the prospect of improved commercial and credit card loan growth (coupled with the steeper yield curve), JPMorgan management maintained its full-year 2021 guidance for net interest income, which implies a stronger fourth quarter exit rate.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.