UBS Maintains Neutral on American Express, Raises Price Target to $206
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Eric Wasserstrom has maintained a Neutral rating on American Express (NYSE:AXP) and increased the price target from $188 to $206.
January 29, 2024 | 3:36 pm
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UBS has maintained a Neutral rating on American Express but raised the price target from $188 to $206, indicating a potential upside from the previous target.
The increase in price target by UBS suggests a positive outlook on the performance and stock valuation of American Express, which could lead to increased investor confidence and a potential short-term rise in the stock price. However, the Neutral rating indicates that the analyst does not see significant outperformance relative to the market or sector, which tempers the potential impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100