JPMorgan’s stock is a victim of its own success.
On Tuesday, Deutsche Bank analyst Matt O'Connor downgraded the Wall Street giant’s stock from a buy to a hold rating. The reason: The company had done so well over the past year there was nowhere left for it to go. There is “less upside to JPM in the near/medium term as a lot of good news seems priced in,” O’Connor wrote in a note published Tuesday.
