The Latest Breaking News from JP Morgan

Last year’s hopes of a return to normal will largely be absent from this week’s downbeat set of UK lenders’ results

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JP Morgan has decided to maintain its Neutral rating of Meritage Homes (NYSE:MTH) and lower its price target from $111.00 to $89.00. Shares of Meritage Homes are trading up 3.69% over the last 24 hours, at $82.25 per share.

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BofA analyst Julien Dumoulin-Smith upgraded SunPower Corp (NASDAQ:SPWR) to Neutral from Underperform with a price target of $23, up from $13 (3% downside). The re-rating followed the company's analyst day, which he said offered clarity on the growth trajectory.  Given what he calls "admittedly a robust turnaround plan with specific steps," Dumoulin-Smith made "material" upward…

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The investment bank’s boss Jamie Dimon says to ‘prepare for the worst and hope for the best’ 

Jamie Dimon says bank could lose $1bn from crisis and calls for new ‘Marshall plan’ to ensure energy supply

Slowing demand for smartphones is likely to hit growth at Apple and chipmaker Qualcomm, analysts at J.P.

Caterpillar Inc. (NYSE: CAT) shares are trading lower by 1.64% at $219.17 Friday afternoon on average volume. It was a quiet week for the industrial giant. JP Morgan analyst Tami Zakaria maintained Caterpillar on Monday with an Overweight and raised the price target from $241 to $257.