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Fly News Breaks for June 18, 2019
Jun 18, 2019 | 08:26 EDT
Jefferies analyst John Hecht raised his price target for American Express to $130 from $105 after hosting investor meetings with management. The company's seals growth is "multifaceted" and management is targeting a sustainable rather than short-term strategy, Hecht tells investors in a research note. He views American Express' growth prospects as "strong" but keeps a Hold rating on the name.