JP Morgan Chase "buy"

03/23/06 - Punk Ziegel & Co.

NEW YORK, March 23 (newratings.com) - Analyst Richard X Bove of Punk Ziegel & Co maintains his "buy" rating on JP Morgan Chase (JPM). The target price is set to $50.

In a research note published this morning, the analyst mentions that in its recent issue, Fortune Magazine has a lead article related to Jamie Dimon, the CEO of JP Morgan Chase. The analyst believes that the article, in essence, highlights the features with which JP Morgan Chase is expected to be successful in the future, including the focus on performance of all of its divisions and revenue growth alongside cost control.