JPMorgan price target raised to $280 from $260 at BofA

BofA raised the firm’s price target on JPMorgan (JPM) to $280 from $260 and keeps a Buy rating on the shares. Driven by a re-acceleration in EPS growth and an improving regulatory backdrop, the firm expects JPMorgan shares to outperform the S&P in 2025, which it notes “would mark the fourth year in a row” if that ends up being the case. JPMorgan’s excess capital positioning and a liquid balance sheet offer it “significant strategic flexibility to navigate a worse than expected macroeconomic scenario,” the analyst added.