HSBC Downgrades American Express to Hold
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Saul Martinez has downgraded American Express (NYSE:AXP) from Buy to Hold, indicating a more cautious outlook on the stock.
October 08, 2024 | 9:57 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
HSBC analyst Saul Martinez downgraded American Express from Buy to Hold, suggesting a more cautious stance on the stock.
The downgrade from Buy to Hold by HSBC suggests a less optimistic view on American Express's future performance, which could lead to a short-term negative impact on its stock price as investors may adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100