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JPMorgan Chase & Co. (JPM) Price Target Trimmed by $31
Morgan Stanley analyst Manan Gosalia has trimmed the price target for JPMorgan Chase & Co. (JPM) from $365 to $334, while maintaining an ‘Equal Weight’ rating. This adjustment reflects concerns over the potential economic impact of the US-Iran war and market worries about private credit, leading to a 9% average reduction in price targets across the banking sector by Morgan Stanley. Despite the cut, the new target still implies an over 13% upside from current levels.