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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: patron_anejo_por_favor who wrote (100158)5/7/2001 9:45:17 AM
From: Perspective  Read Replies (1) of 436258
 
Ah, the rare "SELL" rating on JPM:

bigcharts.com

8:43AM Prudential says 'sell' J.P. Morgan Chase (JPM) by Tomi Kilgore
Prudential Securities analyst Mike Mayo downgraded the shares of J.P. Morgan Chase (JPM) to a "sell" from a "hold," and has a price target of $40, compared to Friday's closing price of $50.60. "The stock is back to our initiation price, but core earnings and asset quality have been worse than expected," Mayo said in a research note to clients. He thinks problem loans should continue to increase due to a slower economy. Also, he said the firms off-balance sheet exposure is higher than average, and noted the resignation of the chief credit officer "after only a few months." In addtion, Mayo expects it will take longer than expected "to synchronize its many parts to deliver the revenue clout the merger was predicated on."
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