BMO Capital Maintains Market Perform on American Express, Lowers Price Target to $188
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst James Fotheringham has maintained a 'Market Perform' rating on American Express (NYSE:AXP) but lowered the price target from $194 to $188.
October 23, 2023 | 1:38 pm
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American Express's price target has been lowered from $194 to $188 by BMO Capital, though the 'Market Perform' rating is maintained.
The lowering of the price target by BMO Capital indicates a potential decrease in the short-term value of American Express's stock. However, the maintenance of the 'Market Perform' rating suggests that the company is expected to perform in line with the market, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100