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JPMorgan Chase & Co. (NYSE:JPM): Current price $47.10
Analyst Matt O’Connor at Deutsche Bank has upgraded JPMorgan to Buy from Hold in a note to investors earlier Friday, remarking that JPMorgan’s cost savings should surpass expectations by a large margin, and it should benefit more than will its peers from consumer loan growth over the longer term. Further, JPMorgan’s shares have underperformed other large bank stocks since August 2012, said O’Connor, who raised his price target on the shares from $48 to $53.
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