JP Morgan Upgrades American Express to Overweight, Raises Price Target to $205
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Richard Shane upgraded American Express (NYSE:AXP) from Neutral to Overweight and increased the price target from $167 to $205.
January 04, 2024 | 11:42 am
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POSITIVE IMPACT
American Express was upgraded by JP Morgan from Neutral to Overweight with a price target raised to $205.
Upgrades by major analysts like JP Morgan can lead to increased investor confidence and potential stock price appreciation in the short term. The substantial increase in the price target suggests a positive outlook on the company's future performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100