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Fly News Breaks for February 14, 2019
JPM
Feb 14, 2019 | 08:37 EDT
Wells Fargo analyst Mike Mayo raised his price target for JPMorgan to $130 from $121 given the price-to-book to ROE relationship, and his added confidence that ROE should improve. The analyst believes JPMorgan typifies his theme that "Goliath is Winning" given best-in-class returns, market share gains, and a 25-year structural break-out for the benefit of scale. Mayo reiterates an Outperform rating on the shares.
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