JP Morgan Downgrades American Express to Neutral, Raises Price Target to $286
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Richard Shane has downgraded American Express (NYSE:AXP) from Overweight to Neutral, while raising the price target from $268 to $286.
October 07, 2024 | 1:31 pm
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JP Morgan has downgraded American Express from Overweight to Neutral, indicating a more cautious outlook. However, the price target has been raised to $286, suggesting potential for growth.
The downgrade from Overweight to Neutral suggests a less bullish stance by JP Morgan, which could lead to a neutral short-term impact on AXP's stock price. However, the raised price target to $286 indicates potential for growth, balancing the downgrade.
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IMPORTANCE 80
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