The Latest Breaking News from JPMorgan

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)…

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.

JPMorgan analyst Michael Glick upgraded Carpenter Technology Corp (NYSE:CRS) to Overweight from Neutral and raised the price target to $53 (an upside of 59.5%) from $52. Glick mentions that with growing signs of an inflection point in the company's key end market, aerospace, the stock's underperformance since the beginning of 2020 is likely to change in…

JPMorgan analyst Brian Ossenbeck downgraded US Xpress Enterprises Inc (NYSE:USX) to Underweight from Neutral without a price target. Ossenbeck mentions that the company's execution continues to trail peers while strategic initiatives add to the near-term headwinds in truckload and brokerage. The analyst says U.S. Xpress's recent setback of the transition to the Variant digital fleet will…

After a not-so-promising start to the year, Bitcoin (CRYPTO: BTC) prices have taken off since Friday.