JPMorgan Stock Price Targets Reset as Evercore Cuts to $320, Piper Holds Overweight
Evercore ISI cut its JPMorgan Chase price target to $320 from $350 on Monday, while the stock traded at $296.06 midday. CEO Jamie Dimon warned in his annual letter that war in Iran could trigger oil shocks, higher inflation, and interest rates. JPMorgan reported record annual revenue of $185.6 billion and net income of $57 billion. Wall Street targets now range from the low $320s to $365.