NEW YORK (TheStreet) -- Shares of JPMorgan Chase & Co (JPM) are rising, up 0.82% to $61.18 in pre-market trading on Thursday, after the bank had its rating raised to "outperform" from "underperform" by analysts at CLSA this morning.
Analysts at the firm also raised its price target on shares to $70 from $60, saying they expect JPMorgan Chase to benefit from its progress in revenue efficiency, operating leverage and structurally lower credit costs.
Also, CLSA believes the sum-of-the-parts valuation discount provides the possibility of a breakup or restructuring if the company does not succeed.
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Separately, TheStreet Ratings team rates JPMORGAN CHASE & CO as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate JPMORGAN CHASE & CO (JPM) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, notable return on equity, increase in stock price during the past year and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow."