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Fly News Breaks for January 17, 2017
AXP
Jan 17, 2017 | 08:25 EDT
As previously reported, JPMorgan analyst Richard Shane upgraded American Express to Overweight from Neutral as he sees the company as best positioned among its card issuer peers to capitalize on lower personal and corporate tax rates. While AmEx shares have outperformed the market since the U.S. election, the stock has underperformed peers, noted Shane, who raised his price target on the stock to $90 from $76.
News For AXP From the Last 2 Days
AXP
Apr 24, 2024 | 06:31 EDT
Wells Fargo raised the firm's price target on American Express to $265 from $250 and keeps an Overweight rating on the shares. The firm sees a good case for management to express greater confidence in or lean to the upper end of the EPS or revenue guide for 2024. With the macro haze fading, Wells believes investors will come away with a greater appreciation of the competitive position and moat.