JPMorgan has updated its list of favorites for February. Who are the analysts betting on?

The list of shares-favorites JPMorgan for February 2026 was replenished with the securities of the owner and operator of industrial real estate from the U.S. First Industrial Realty Trust. At the same time, analysts excluded from their top list of ideas a number of retailers and a real estate investment fund, CNBC writes.

JPMorgan analysts update the focus list on a monthly basis. It is formed on the basis of the best ideas of the bank's experts and covers strategies of growth, income, value investing and short positions, the channel explains.

- In February, First Industrial Realty Trust, a Chicago-based owner and operator of industrial real estate, joined JPMorgan's list of favorites. Although the company's stock has gained nearly 8% over the past year, it still trades below its all-time high in 2021 ($65.65 per share), CNBC writes. JPMorgan said First Industrial Realty Trust shares look attractive in terms of relative valuation in the industrial segment and retain further upside potential.

"Industrial sector fundamentals are improving and the company is benefiting from this recovery with its large-scale, capital-efficient development portfolio," Ken Goldman, co-head of equity research for the Americas at JPMorgan, wrote.

Of the 16 analysts tracking First Industrial Realty Trust securities, nine advise buying them and seven advise holding. The company's shares added 2% on the premarket on February 4, at the last close they were worth $58.29.

- Boeing and Microsoft also remain on JPMorgan's list of favorites - the bank reiterated "buy" recommendations on both companies (rating "above market") after the publication of their reports in January.

Although JPMorgan lowered its target price on Microsoft's securities from $575 to $550 after the report triggered a selloff in the company's stock, JPMorgan analyst Mark Murphy noted that "it is prudent to consider the massive revenue base of Microsoft's cloud division, Azure." "We reiterate our view that a longer-term approach to Azure's growth trajectory is appropriate," the analyst added. His target on Microsoft shares implies a 34% upside potential for the securities relative to the last closing price.

On Boeing securities JPMorgan raised its target price from the previous $245 to $270. This estimate implies a 16% increase in the stock from the closing price on February 3.

Of the 64 analysts covering Microsoft stock, 61 recommend buying it, MarketWatch data shows. The other three are neutral. As for Boeing securities, experts have different opinions: 24 analysts recommend to buy them, six - to keep in the portfolio, and only one advises to sell.

Microsoft and Boeing securities added 0.16% and 0.3%, respectively, in pre-market trading on Feb. 4.

At the same time, JPMorgan excluded shares of consumer electronics and appliances chain Best Buy, clothing and home goods retailer Burlington Stores and real estate investment trust Regency Centers from its February list of favorites.

On Regency and Best Buy securities analysts lowered their recommendations from "above the market" to "neutral". And on Burlington shares, which the bank also excluded from its focus list for February, JPMorgan kept the rating "above the market".

According to MarketWatch, the majority of analysts who follow Best Buy stock advise holding it (20 of 29); for Burlington Stores and Regency Centers stock, the top recommendation is "buy" (15 of 19 and 12 of 21 analysts, respectively).

Best Buy and Burlington Stores shares were down about 0.1% in the Feb. 4 premarket, while Regency Centers shares were down 0.5%.

This article was AI-translated and verified by a human editor