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
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100