There’s a lot to be optimistic about in the Financial sector as 3 analysts just weighed in on Allstate (NYSE:ALL), JP Morgan Chase (NYSE:JPM) and CyrusOne (NASDAQ:CONE) with bullish sentiments.
Allstate (ALL)
Credit Suisse analyst Michael Zaremski maintained a Buy rating on Allstate yesterday and set a price target of $112. The company’s shares opened today at $89.97, close to its 52-week low of $88.29.
According to TipRanks.com, Zaremski is a 3-star analyst with an average return of 4.7% and a 57.1% success rate. Zaremski covers the Financial sector, focusing on stocks such as Marsh & Mclennan Companies, Cincinnati Financial Corp, and Selective Insurance Group.
Allstate has an analyst consensus of Moderate Buy, with a price target consensus of $107.50.
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JP Morgan Chase (JPM)
In a report released today, Susan Roth Katzke from Credit Suisse maintained a Buy rating on JP Morgan Chase, with a price target of $130. The company’s shares opened today at $108.98.
Katzke has an average return of 21.2% when recommending JP Morgan Chase.
According to TipRanks.com, Katzke is ranked #223 out of 4895 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for JP Morgan Chase with a $128.25 average price target.
CyrusOne (CONE)
Credit Suisse analyst Sami Badri maintained a Buy rating on CyrusOne today and set a price target of $73. The company’s shares opened today at $54.01.
According to TipRanks.com, Badri is ranked 0 out of 5 stars with an average return of -12.9% and a 22.4% success rate. Badri covers the Consumer Goods sector, focusing on stocks such as Motorola Solutions, Ubiquiti Networks, and Juniper Networks.
CyrusOne has an analyst consensus of Strong Buy, with a price target consensus of $69.44, which is a 28.6% upside from current levels. In a report issued on October 18, Wells Fargo also maintained a Buy rating on the stock with a $66 price target.
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