JPMorgan price target raised to $172 from $160 at Goldman Sachs

Goldman Sachs raised the firm’s price target on JPMorgan to $172 from $160 and keeps a Buy rating on the shares after the bank reported quarterly results. The firm said that the company continues to guide to being liability sensitive over the course of 2023, noting that it should reach an annualized run rate the mid $70B range at some point this year. Goldman added ,though, that JPMorgan continues to show during periods of market instability that it is a clear beneficiary of market share gains.