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Why Marvel Is Overweight According To JP Morgan

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Yesterday I ran a story that financial investment company JP Morgan had advised clients that Marvel Entertainment had risen from Neutral to Overweight and should therefore be seen as a stock to Buy.

Indeed, they changed their opinion that the stock would head to $27, to $42 a share. A $15 difference and making it their top pick for investment for the day.

They explained this decision saying "we expect the company to continue to generate high margin revenue from exploitation of its library of characters and surprise the Street to the upside."

Which admittedly sounds a little like a horoscope rfeading, and in fact that's almost what it is. But stock rallied from $35 in the morning to $38 after the story broke before settling to $37.50 after people started selling on the back of the rally.

In March, Marvel hit a low of $23. That would have been a very good time to buy…


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Rich JohnstonAbout Rich Johnston

Founder of Bleeding Cool. The longest-serving digital news reporter in the world, since 1992. Author of The Flying Friar, Holed Up, The Avengefuls, Doctor Who: Room With A Deja Vu, The Many Murders Of Miss Cranbourne, Chase Variant. Lives in South-West London, works from Blacks on Dean Street, shops at Piranha Comics. Father of two. Political cartoonist.
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