{"id":66106,"date":"2026-08-07T00:08:11","date_gmt":"2026-08-07T04:08:11","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/jpmorgan-upgrades-easyjet-and-cencora-as-china-exports-defy-trade-tensions\/66106\/"},"modified":"2026-08-07T00:08:11","modified_gmt":"2026-08-07T04:08:11","slug":"jpmorgan-upgrades-easyjet-and-cencora-as-china-exports-defy-trade-tensions","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/jpmorgan-upgrades-easyjet-and-cencora-as-china-exports-defy-trade-tensions\/66106\/","title":{"rendered":"JPMorgan Upgrades EasyJet and Cencora as China Exports Defy Trade Tensions"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>JPMorgan (<a href=\"\/stock\/JPM\">JPM<\/a>)<\/strong> significantly upgraded <strong>EasyJet (<a href=\"\/stock\/EZJ\">EZJ<\/a>)<\/strong> to <strong>Neutral<\/strong> from <strong>Underweight<\/strong>, nearly doubling its price target to <strong>715p<\/strong> from <strong>360p<\/strong> on improved sector outlooks.<\/li>\n<li><strong>China\u2019s export growth<\/strong> remains resilient, expanding despite escalating trade tensions and new tariff threats from the United States.<\/li>\n<li><strong>Cencora (<a href=\"\/stock\/COR\">COR<\/a>)<\/strong> received a price target increase to <strong>$390<\/strong> from <strong>$382<\/strong> by JPMorgan following a robust fiscal third-quarter earnings beat and raised full-year guidance.<\/li>\n<li><strong>EasyJet<\/strong> shares are benefiting from a combination of falling <a href=\"https:\/\/stockmarketwatch.com\/energy\/crude-oil\" data-internallinksmanager029f6b8e52c=\"12\" title=\"Crude oil\">oil prices<\/a> and a strategic pivot toward its high-margin <strong>Holidays<\/strong> segment.<\/li>\n<\/ul>\n<h2>JPMorgan Reverses Stance on EasyJet with Major Target Hike<\/h2>\n<p>In a notable shift in sentiment, <strong>JPMorgan (<a href=\"\/stock\/JPM\">JPM<\/a>)<\/strong> has upgraded <strong>EasyJet (<a href=\"\/stock\/EZJ\">EZJ<\/a>)<\/strong> to <strong>Neutral<\/strong> from its previous <strong>Underweight<\/strong> rating. The investment bank more than doubled its price target for the airline, moving from <strong>360p<\/strong> to <strong>715p<\/strong>. This aggressive revision reflects a more constructive view of the European aviation sector as the carrier navigates a competitive leisure market.<\/p>\n<p>The upgrade comes as <strong>EasyJet<\/strong> continues to leverage its <strong>EasyJet Holidays<\/strong> division, which has emerged as a significant growth pillar for the group. While analysts previously expressed concern over winter pricing pressures and high capacity growth in the UK, the current valuation\u2014trading at approximately <strong>7 times<\/strong> 2026 estimated earnings\u2014is now viewed as an attractive entry point for investors seeking recovery plays in the travel sector.<\/p>\n<h2>China Exports Show Resilience Amid U.S. Trade Friction<\/h2>\n<p>Despite renewed tensions with Washington, <strong>China\u2019s export growth<\/strong> continues to defy expectations. Recent data indicates that Chinese shipments to global markets remain robust, even as the U.S. administration considers expanded tariffs and trade restrictions. This resilience is largely attributed to China diversifying its trade partners and maintaining a dominant position in the global supply chain for green energy components and consumer electronics.<\/p>\n<p>Market analysts note that the &quot;robust&quot; performance of Chinese exports provides a critical buffer for the world&#39;s second-largest economy, which is currently grappling with a sluggish domestic property market. However, <em>investors remain cautious<\/em> as the potential for a broader trade war persists, particularly with the U.S. eyeing stricter controls on high-tech exports and automotive imports.<\/p>\n<h2>Cencora Gains Momentum on Earnings Beat and Target Raise<\/h2>\n<p><strong>Cencora (<a href=\"\/stock\/COR\">COR<\/a>)<\/strong> is seeing renewed analyst confidence after delivering a strong fiscal third-quarter report. <strong>JPMorgan (<a href=\"\/stock\/JPM\">JPM<\/a>)<\/strong> raised its price target on the pharmaceutical distributor to <strong>$390<\/strong>, maintaining a positive outlook. The company reported adjusted earnings per share (EPS) of <strong>$4.48<\/strong>, surpassing the analyst consensus of <strong>$4.35<\/strong>, driven by high demand for specialty medicines and <strong>GLP-1<\/strong> weight-loss drugs.<\/p>\n<p>Following the results, <strong>Cencora<\/strong> raised its fiscal 2026 adjusted EPS guidance to a range of <strong>$17.75 to $17.95<\/strong>. The company&#39;s strategic acquisition of <strong>OneOncology<\/strong> in early 2026 has already begun to contribute to margin expansion. Furthermore, the board&#39;s decision to repurchase <strong>$1 billion<\/strong> in shares during the quarter underscores a commitment to returning capital to shareholders amidst steady revenue growth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways JPMorgan (JPM) significantly upgraded EasyJet (EZJ) to Neutral from Underweight, nearly doubling its price target to 715p from [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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