American Express shares are trading lower after Baird downgraded the stock from Outperform to Neutral and announced a $185 price target.
Portfolio Pulse from Benzinga Newsdesk
American Express shares are trading lower after Baird downgraded the stock from Outperform to Neutral and announced a $185 price target.
July 06, 2023 | 2:03 pm
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American Express' stock was downgraded by Baird from Outperform to Neutral, with a new price target of $185. This has led to a decrease in the trading price of the shares.
The downgrade by Baird from Outperform to Neutral indicates a less optimistic outlook for the company's stock. This, coupled with the announcement of a new price target, has likely contributed to the decrease in the trading price of American Express' shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100