JPMorgan Price Target Lowered by Piper Sandler on Revised Earnings Estimates

Piper Sandler lowered its price target on JPMorgan (NYSE: JPM) to $325 from $345, while maintaining an Overweight rating, reflecting adjustments to its earnings forecasts. The firm reduced its 2026 EPS estimate to $21.65 from $22.58, including a first-quarter estimate cut to $5.67 from $6.01. Its 2027 EPS forecast was also slightly lowered to $23.04 from $23.17. The revised price target reflects both lower earnings expectations and a more conservative valuation multiple, with the stock now valued at approxi ...