JPMorgan first major brokerage to rate Saudi Aramco 'overweight'
January 15, 2020 at 04:53 AM EST
JPMorgan is the first major brokerage to initiate coverage of Saudi Aramco with an "overweight", setting a price target of 37 riyals ($9.86) per share and saying it sees scope for an increase in the energy giant's proposed $75 billion base dividend.