Piper Sandler analyst R. Scott Siefers lowered the firm’s price target on JPMorgan (JPM) to $325 from $345 and keeps an Overweight rating on the shares. The firm is adjusting its EPS estimates for a few changes to its model. Specifically, Piper’s 2026 EPS goes from $22.58 to $21.65, and its 2027 EPS goes from $23.17 to $23.04. The firm is lowering its price target to reflect its reduced 2026 EPS and lower bank equity valuations.
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