JP Morgan Maintains Overweight on American Express, Raises Price Target to $240
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Richard Shane maintains an Overweight rating on American Express (AXP) and raises the price target from $214 to $240.
April 03, 2024 | 11:26 am
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JP Morgan analyst Richard Shane maintains an Overweight rating on American Express and raises the price target from $214 to $240.
The upgrade in the price target by a reputable analyst from JP Morgan is a strong positive signal for American Express. Such endorsements often lead to increased investor confidence and can drive the stock price up in the short term. The significant raise from $214 to $240 suggests a bullish outlook on the company's future performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100