The Latest Breaking News from JPMorgan

Bank of America Corporation (NYSE: BAC) and JP Morgan Chase & Co (NYSE: JPM) opened higher on Wednesday in tandem with the S&P 500, but selling pressure entered just after 9:35 a.m., when Newsweek

Analysts raised their price targets on Palo Alto Networks Inc (NASDAQ:PANW) following Q2 results. JPMorgan analyst Sterling Auty upgraded Palo to Neutral from Underweight with a PT of $620, up from $600 (30.4% upside).  Palo Alto is one of the cybersecurity companies well-positioned to compete for the cloud security opportunity, Auty said. The analyst says the…

Tech-dominated "growth" stocks are still not cheap despite sharp falls over the last six months, analysts at U.S. investment bank JPMorgan cautioned, Reuters reports. The so-called FAANGs have seen some of their COVID-era surges cut back this year.  Meta Platforms Inc (NASDAQ:FB) fell 38%, Apple Inc (NASDAQ:AAPL) was down 5.7%, Amazon.com Inc (NASDAQ: AMZN) down 8.5%, and was Netflix Inc (NASDAQ: NFLX)…

JPMorgan analyst Doug Anmuth says Netflix Inc (NASDAQ:NFLX) shares "remain controversial" as the in-line Q4 subscribers and "light" Q1 outlook are driving lower growth expectations and increased questions around subscriber penetration impact of content and competition.  However, he believes solid secular growth remains in global streaming and that Netflix's penetration of global broadband…

JPMorgan analyst Samik Chatterjee noted that the China Academy of Information and Communications Technology disclosed that international shipments tracked at 7.3 million for January beat the historical average of 4.8 million shipments for the month and "the highest shipments for the month of January since 2015." 

JPMorgan analyst Paul Chung upgraded Cognex Corp (NASDAQ:CGNX) to Neutral from Underweight with a price target of $68, down from $80, post the Q4 beat. The price target implies an upside of 10.3%. Cognex's Q4 FY21 revenue of $244.1 million beat the consensus of $222.96 million. EPS of $0.30 beat the consensus of $0.22. Cognex…

JPMorgan analyst Brian Ossenbeck upgraded Werner Enterprises, Inc. (NASDAQ:WERN) to Neutral from Underweight and raised the price target to $47 (an upside of 10.1%) from $44. Ossenbeck says the company's strategy to replace tractors off-cycle, "aggressive" recruiting of drivers, and significant investment growing the dedicated fleet represents a focus on growth through the cycle. The analyst…

Wall Street banking giant JPMorgan Chase & Co. (NYSE: JPM) has become the first major bank to enter the metaverse.

Analysts lowered their price targets on Weber Inc (NYSE:WEBR) following its Q1 results. JPMorgan analyst Megan Alexander downgraded Weber to Neutral from Overweight with a price target of $9.50, down from $13, implying an 8% downside. The analyst sees high sales uncertainty ahead with risk in the second half of 2022 on price elasticity and do-it-yourself…

Shares of Goodyear Tire & Rubber Co (NASDAQ: GT) plummeted more than 27% on Friday, after management guided to softer-than-expected performance in 2022, citing inflation. The stock tumbled despite the company reporting “solidly better” results for the fourth quarter, according to JPMorgan.

JPMorgan analyst Ken Goldman downgraded Kellogg Co  (NYSE: K) to Underweight from Neutral with a price target of $57, down from $64, implying a 10.38% downside.