BTIG Downgrades American Express to Sell, Announces $230 Price Target
Portfolio Pulse from Benzinga Newsdesk
BTIG analyst Vincent Caintic has downgraded American Express (NYSE:AXP) from Neutral to Sell, setting a price target of $230.
October 08, 2024 | 1:37 pm
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BTIG analyst Vincent Caintic downgraded American Express from Neutral to Sell, with a price target of $230. This downgrade may indicate a bearish outlook on the stock.
The downgrade from Neutral to Sell by a reputable analyst like Vincent Caintic at BTIG suggests a negative outlook on American Express's stock performance. The $230 price target indicates a potential downside, which could lead to a decrease in investor confidence and a short-term drop in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100