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Bank of America’s New Target on JPMorgan Reflects a 16% Upside

Andrew Brunton
Bank of America’s New Target on JPMorgan Reflects a 16% Upside

Yesterday, JPMorgan Chase (JPM) received some positive commentary from Erika Najarian, an analyst at Bank of America (BAC), as per a report by Benzinga. Citing multiple growth factors, the analyst raised the target price on the largest US bank to $132 from $126 and reiterated its “buy” rating.