JPMorgan price target raised to $287 from $276 at UBS

UBS analyst Erika Najarian raised the firm’s price target on JPMorgan (JPM) to $287 from $276 and keeps a Buy rating on the shares. A “beat and raise” is the expected standard for JPMorgan, and while the stock trades at a nice premium to peers, it is hard to ignore peer-leading returns on capital levels also at money-center highs, the analyst tells investors in a research note. The firm expects JPMorgan’s ROTCE outperformance to be a topic of conversation at future management conference appearances and during the Investor Day in May.