Deutsche Bank Initiates Coverage On American Express with Buy Rating, Announces Price Target of $235
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Mark Devries has initiated coverage on American Express (NYSE:AXP) with a Buy rating and set a price target of $235.
January 10, 2024 | 11:13 am
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Deutsche Bank has initiated coverage on American Express with a Buy rating and a price target of $235, indicating a positive outlook for the stock.
Analyst ratings, especially from major banks like Deutsche Bank, can influence market perception and investor sentiment. A Buy rating combined with a high price target suggests a strong confidence in the company's future performance, which could lead to an increase in stock price in the short term.
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