The Latest Breaking News from JPMorgan

JPMorgan Sees 57% Upside In Netflix - Read Why

JPMorgan analyst Doug Anmuth says Netflix Inc (NASDAQ:NFLX) shares "remain controversial" as the in-line Q4 subscribers and "light" Q1 outlook are driving lower growth expectations and increased questions around subscriber penetration impact of content and competition.  However, he believes solid secular growth remains in global streaming and that Netflix's penetration of global broadband…

Benzinga · Feb 18, 2022

JPMorgan Analyst Notes China Impact On Apple iPhone Shipments

JPMorgan analyst Samik Chatterjee noted that the China Academy of Information and Communications Technology disclosed that international shipments tracked at 7.3 million for January beat the historical average of 4.8 million shipments for the month and "the highest shipments for the month of January since 2015." 

Benzinga · Feb 18, 2022

Here's Why Cognex Shares Are Trading Higher Premarket

JPMorgan analyst Paul Chung upgraded Cognex Corp (NASDAQ:CGNX) to Neutral from Underweight with a price target of $68, down from $80, post the Q4 beat. The price target implies an upside of 10.3%. Cognex's Q4 FY21 revenue of $244.1 million beat the consensus of $222.96 million. EPS of $0.30 beat the consensus of $0.22. Cognex…

Benzinga · Feb 18, 2022

JPMorgan Sees Downside In This Food Products Giant - Read Why

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.

Benzinga · Feb 11, 2022

JPMorgan Sees Sharp Upside In Carpenter Technology

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…

Benzinga · Feb 11, 2022

JPMorgan Downgrades US Xpress Enterprises To Underweight After Mixed Q4 Results

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…

Benzinga · Feb 10, 2022

How Much Is Bitcoin's Fair Value? JPMorgan Analyst Weighs In

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

Benzinga · Feb 9, 2022

JPMorgan Bumps Up Allegheny Price Target Post Q4 Results

JPMorgan analyst Seth Seifman raised the price target on Allegheny Technologies Inc (NYSE:ATI) to $26 (an upside of 15.7%) from $23 and reiterated an Overweight rating on the shares post the Q4 results. Seifman mentions Allegheny's operational results surprised to the upside, with HPMC margins exceeding pre-COVID levels. Related: Allegheny Stock Surges As Q4 Results Top…

Benzinga · Feb 4, 2022

JPMorgan Sees Sharp Upside In Qualcomm, Thanks To Apple

JPMorgan analyst Samik Chatterjee reiterated an Overweight rating on Qualcomm Inc (NASDAQ:QCOM) with a $225 price target, ahead of the company's fiscal Q1 results. The price target implies an upside of 28%. The analyst sees a favorable setup saying Apple Inc's (NASDAQ:AAPL) print points to solid demand for Qualcomm's largest customer.  The combination of supply chain easing,…

Benzinga · Feb 1, 2022

Several Analyst Firms Cut Rockwell Automation Price Target After Q1 Results

Analysts lowered the price target for Rockwell Automation (NYSE:ROK) after the Q1 results. JPMorgan analyst Stephen Tusa lowered the price target to $220 from $225 and kept an Underweight rating.  Tusa sees an "expensive stock getting too much credit for its realistic growth potential."  He expects consensus estimate cuts and a deceleration in Rockwell's growth…

Benzinga · Jan 28, 2022