Markets

Berenberg Bank Adjusts JPMorgan Chase & Co PT to $125 From $110, Maintains Sell Rating

9:39AM ET 10/18/2021 MT Newswires
Berenberg Bank increased its price target on JPMorgan Chase & Co (JPM) to $125 from $110 following the company's better-than-expected Q3 results, with promising signs of a recovery in retail and commercial banking conditions.

The firm maintained its sell rating as the lackluster response to the upbeat earnings was largely due to the company's premium valuation.

JPMorgan Chase & Co (JPM) has an average rating of Outperform and price targets ranging from $125 to $200, according to analysts polled by Capital IQ.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)