JPMorgan price target raised to $332 from $323 at Truist

Truist raised the firm’s price target on JPMorgan (JPM) to $332 from $323 and keeps a Hold rating on the shares after the company’s Q1 results. The firm is positive on the bank’s higher revenues and lower provision expense, partially offset by higher expenses, the analyst tells investors in a research note. Truist adds that the stock’s premium valuation is warranted relative to its embedded growth opportunities, franchise strength, and track record on the risk management.