RBC Capital Maintains Outperform on American Express, Lowers Price Target to $185
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Jon Arfstrom has maintained an 'Outperform' rating on American Express (NYSE:AXP), but lowered the price target from $190 to $185.
October 23, 2023 | 2:55 pm
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American Express's price target has been lowered from $190 to $185 by RBC Capital, though the 'Outperform' rating is maintained.
The lowering of the price target by RBC Capital could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential upside, which could counterbalance the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100