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Fly News Breaks for November 29, 2018
AXP
Nov 29, 2018 | 08:16 EDT
As previously reported, Buckingham downgraded American Express to Neutral from Buy and maintained a $112 price target. Analyst Chris Brendler said American Express is not expensive based on relative historical norms, but shares have outperformed other payment stocks year-to-date. Brendler views shares considerably more balanced at these levels given late-cycle credit concerns and an increasingly "blurry" macro outlook.
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.
