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Fly News Breaks for June 29, 2018
AXP
Jun 29, 2018 | 08:51 EDT
As previously reported, Buckingham analyst Chris Brendler upgraded American Express (AXP) to Buy from Neutral and raised his price target on the stock to $112 from $111, citing the DOJ case being resolved and evidence of "compelling momentum" across its platform. He has been surprised AmEx stock hasn't "worked" yet, but thinks investors just need more evidence that the Costco (COST) related competitive concerns are over, Brendler tells investors.
News For AXP From the Last 2 Days
AXP
Apr 24, 2024 | 08:36 EDT
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.
