JPMorgan Raises JAN Price Target to $34.00

JPMorgan Chase & Co. has raised its price target for Jangada Mines (NYSE:JAN) to $34.00 from $30.00, a potential upside of 10.21%.

This move follows other analysts who have also increased their price targets on the stock. Royal Bank Of Canada and Barclays both raised their targets to $34.00 with an 'outperform' and 'overweight' rating respectively.

Jangada Mines has reported a 45.4% year-over-year revenue growth, but missed quarterly EPS expectations in its latest earnings report.