J.P. Morgan raises U.S. stocks to 'neutral'

Reuters

Published May 04, 2020 04:30AM ET

(Reuters) - J.P. Morgan analysts raised their rating on U.S. stocks to "neutral" on Monday, saying they expected equity markets globally to consolidate from current levels, while not ruling out more weakness.

"... As the virus impact and the activity/policy response are the dominant drivers now, we add back to the US weight, moving it to Neutral," Mislav Matejka said in a note.