J.P. Morgan stock is up more than 37 percent this year, but analysts at Keefe Bruyette & Woods don't expect a repeat in 2020.
J.P. Morgan stock is up more than 37 percent this year, but analysts at Keefe Bruyette & Woods don't expect a repeat of that performance in 2020.
The firm said most of the stock's outperformance in 2019 "was driven by shares re-rating after the sell-off in the back part of 2018." "We would look to add shares when valuations are more reasonable, and in our view a Market Perform rating is warranted," the firm said.stock is up more than 37 percent this year, but analysts at Keefe Bruyette & Woods don't expect a repeat of that performance in 2020.
The firm downgraded the stock to "market perform" from "outperform," and placed a target price of $135 on the shares, which were trading for $134.41 at the close of the market on Monday.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Piers Morgan regrets not 'having a crack' on Kate GarrawayWhen Piers Morgan found out who Kate Garraway was marrying he emailed her to make fun, which she apparently took in good humour
Consulte Mais informação »
Morgan Stanley Axes 1,500 Jobs Amid Uncertain Global Economic OutlookAfter posting strong 3rd-quarter earnings, Wall Street firm Morgan Stanley will reportedly cut about 1,500 jobs amid an uncertain global economic outlook by lisettevoytko
Consulte Mais informação »
Bachelorette Ashley Hebert Addresses J.P. Rosenbaum's HealthThe Bachelorette’s Ashley Hebert speaks out after husband J.P. Rosenbaum was diagnosed with Guillain-Barré syndrome.
Consulte Mais informação »
Morgan Stanley is cutting jobs due to uncertain global environment, sources sayMorgan Stanley is cutting jobs due to uncertain global environment: Sources
Consulte Mais informação »
J.P. Rosenbaum Diagnosed With Rare Autoimmune DisorderThe reality TV star and his wife, Ashley Hebert, shared the news on social media on Sunday.
Consulte Mais informação »
Bachelorette J.P. Rosenbaum Diagnosed With Rare SyndromeBachelorette alum J.P. Rosenbaum reveals he's been diagnosed with Guillain-Barré Syndrome, a rare syndrome.
Consulte Mais informação »