BMO Capital Downgrades American Express to Underperform
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst James Fotheringham has downgraded American Express (NYSE:AXP) from Market Perform to Underperform, indicating a bearish outlook on the stock.
January 10, 2024 | 9:56 am
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American Express has been downgraded by BMO Capital from Market Perform to Underperform, suggesting potential underperformance relative to the market.
Analyst downgrades typically lead to a negative perception among investors and can result in a short-term decline in the stock price. Given that this is a direct downgrade from a neutral to a negative stance, it is likely to have a significant impact on investor sentiment towards American Express.
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