There’s a lot to be optimistic about in the Financial sector as 3 analysts just weighed in on JP Morgan Chase (NYSE:JPM), Capital One Financial (NYSE:COF) and Progressive (NYSE:PGR) with bullish sentiments.
JP Morgan Chase (JPM)
In a report released yesterday, Susan Roth Katzke from Credit Suisse maintained a Buy rating on JP Morgan Chase, with a price target of $130. The company’s shares closed yesterday at $106.34.
Katzke has an average return of 20.8% when recommending JP Morgan Chase.
According to TipRanks.com, Katzke is ranked #247 out of 4887 analysts.
JP Morgan Chase has an analyst consensus of Moderate Buy, with a price target consensus of $129.43, a 21.7% upside from current levels. In a report issued on October 9, Vining Sparks also maintained a Buy rating on the stock with a $125 price target.
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Capital One Financial (COF)
Credit Suisse analyst Moshe Orenbuch maintained a Buy rating on Capital One Financial yesterday and set a price target of $120. The company’s shares closed yesterday at $90.55.
According to TipRanks.com, Orenbuch is a 5-star analyst with an average return of 12.1% and a 68.3% success rate. Orenbuch covers the Financial sector, focusing on stocks such as Curo Group Holdings Corp, Santander Consumer USA, and Synchrony Financial.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Capital One Financial with a $120 average price target, which is a 32.5% upside from current levels. In a report issued on October 1, Wells Fargo also maintained a Buy rating on the stock with a $110 price target.
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Progressive (PGR)
In a report released yesterday, Michael Zaremski from Credit Suisse maintained a Buy rating on Progressive, with a price target of $79. The company’s shares closed yesterday at $66.24.
According to TipRanks.com, Zaremski is a 3-star analyst with an average return of 4.7% and a 60.0% success rate. Zaremski covers the Financial sector, focusing on stocks such as Marsh & Mclennan Companies, Cincinnati Financial Corp, and Selective Insurance Group.
Currently, the analyst consensus on Progressive is a Moderate Buy with an average price target of $69.57.
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