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StocksUpdated•Originally published 29 April 2026•Updated 1 May 2026•

1 min read

JPMorgan Adjusts Price Targets for US Equities Following Quarterly Results

Key Facts

1JPMorgan lowered Sherwin-Williams (SHW) price target to $365.00 while maintaining an overweight rating.

2The bank raised Franklin Resources (BEN) price target to $31.00 following a Q2 earnings beat.

3Century Communities (CCS) price target was cut to $45.00 with an underweight rating due to revenue missing expectations.

about 1 month ago

Version History

Version 1about 1 month ago

What changed: Added updates regarding Wells Fargo (WFC), including a price target cut and insider selling activity despite an earnings beat.

JPMorgan Chase & Co. has expanded its series of price target adjustments for US equities, notably lowering its target for Wells Fargo (WFC) from $91.00 to $86.50 while maintaining a Neutral rating. Despite Wells Fargo beating Q1 earnings estimates, the new target suggests a limited upside of 5.01%, amid reports of insiders selling approximately 115,000 shares. The bank also maintained its Overweight rating on Sherwin-Williams (SHW) with a reduced target of $365.00, while raising Franklin Resources (BEN) to $31.00 following an earnings beat. Conversely, targets for Century Communities (CCS) and Allegion (ALLE) were cut to $45.00 and $170.00 respectively due to underperformance in revenue and earnings. These revisions highlight a strategic recalibration across the banking, construction, and asset management sectors based on the latest quarterly data.