B of A Securities Maintains Buy on American Express, Lowers Price Target to $203
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Mihir Bhatia maintains a Buy rating on American Express (NYSE:AXP) but lowers the price target from $205 to $203.
July 24, 2023 | 3:24 pm
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NEUTRAL IMPACT
B of A Securities maintains a Buy rating on American Express but lowers the price target from $205 to $203.
The news is directly related to American Express (AXP). While the Buy rating is maintained, which is positive, the lowering of the price target might have a neutral to slightly negative impact on the stock in the short term as it indicates a lower future valuation.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100