American Express shares are trading lower after Barclays downgraded the stock from Overweight to Equal-Weight.
Portfolio Pulse from Benzinga Newsdesk
American Express shares are trading lower following a downgrade by Barclays from Overweight to Equal-Weight.

April 09, 2024 | 12:25 pm
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NEGATIVE IMPACT
American Express shares have declined due to a downgrade by Barclays from Overweight to Equal-Weight.
Analyst ratings, especially from prominent financial institutions like Barclays, can significantly influence investor sentiment and stock prices. The downgrade from 'Overweight' to 'Equal-Weight' suggests a neutral outlook on the stock, leading to decreased investor confidence and a drop in share price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100