Analysts: JPMorgan’s London Whale Risk Has Dissipated and 3 More Research Notes to Look Over
JPMorgan (NYSE:JPM): Raymond James has upgraded shares of JPMorgan to Strong Buy from Outperform, due to strong EPS growth and reduced risk from the London Whale incident. The firm has also raised its price target to $64 from $55.
Covidien (NYSE:COV): Although the company’s risk/reward ratio is positive, Morgan Stanley notes that the full-year 2014 upside is less likely. The firm expects that 2015 earnings growth will support dividends, buybacks, and accretive transactions, rather than dilutive capital growth. Shares are Overweight rated.
EMC Corp. (NYSE:EMC): RBC Capital believes that it’s likely that EMC will report weaker June quarter results, due to the delay of the launch of its VNX2 storage products. However, the firm expects the products to be significant catalysts for the company in the second half of 2013, and it predicts that EMC will maintain its 2013 guidance. The firm keeps a $30 price target and Outperform rating on the shares.
Nexstar (NASDAQ:NXST): citing continuing consolidation in the broadcasting space, UBS has lifted its price target on shares of Nexstar, to $39 from $30, as deals have caused multiple expansion and post deal synergies. The firm calls Nexstar its top small cap pick in the industry, and rates the shares at Buy.