TD Cowen Maintains Hold on American Express, Raises Price Target to $268
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Moshe Orenbuch maintains a Hold rating on American Express (NYSE:AXP) and raises the price target from $260 to $268.
October 21, 2024 | 4:58 pm
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TD Cowen analyst Moshe Orenbuch maintains a Hold rating on American Express and raises the price target from $260 to $268, indicating a positive outlook.
The increase in the price target from $260 to $268 by TD Cowen suggests a positive outlook for American Express, which could lead to a short-term increase in stock price. However, the Hold rating indicates a balanced view, suggesting that while there is potential for growth, it may not be significant enough to warrant a Buy rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100