JPMorgan price target raised to $365 from $352 at Goldman Sachs

Goldman Sachs raised the firm’s price target on JPMorgan (JPM) to $365 from $352 and keeps a Buy rating on the shares as part of a broader research note previewing Q1 results for banks. Valuation for the group appears more attractive after the 7% sell-off year-to-date, which was entirely multiple-driven, with valuation more in-line with historical levels, the analyst tells investors in a research note. Goldman adds that investors are expected to focus on the outlook for net interest income, risks to capital markets revenue from the spike in market volatility, along with impacts to credit quality and provisions from higher energy prices.