Seaport Research raised the firm’s price target on JPMorgan to $237 from $220 and keeps a Buy rating on the shares. Looking ahead, the firm believes the fears around 2025 net interest income have been mostly de-risked, the analyst tells investors. While the stock is not cheap and may be getting a little “toppy,” the firm believes the company’s “best-in-class growth and returns” among large banks deserves a premium.
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