Wells Fargo Maintains Overweight on American Express, Raises Price Target to $250
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Donald Fandetti has maintained an Overweight rating on American Express (AXP) and increased the price target from $220 to $250.
April 10, 2024 | 4:06 pm
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POSITIVE IMPACT
Wells Fargo has maintained an Overweight rating on American Express and raised the price target from $220 to $250.
The increase in price target by a reputable analyst like Donald Fandetti signals a strong confidence in American Express's future performance. This is likely to positively influence investor sentiment and could lead to a short-term increase in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100