Barclays Initiates Coverage On American Express with Overweight Rating, Announces Price Target of $184
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Mark Devries has initiated coverage on American Express (NYSE:AXP) with an Overweight rating and set a price target of $184.
November 15, 2023 | 9:48 am
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Barclays has initiated coverage on American Express with an Overweight rating and a price target of $184, indicating a positive outlook for the stock.
Analyst ratings, especially from major financial institutions like Barclays, can significantly influence investor sentiment and stock prices. An Overweight rating suggests that Barclays believes American Express has a good potential to outperform the average market return. The price target of $184 is also a bullish signal, implying an expectation of stock price increase.
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