Morgan Stanley Maintains Equal-Weight on American Express, Raises Price Target to $252
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Betsy Graseck maintains an Equal-Weight rating on American Express (NYSE:AXP) and raises the price target from $248 to $252.
October 21, 2024 | 5:25 pm
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Morgan Stanley has maintained its Equal-Weight rating on American Express and increased the price target from $248 to $252, indicating a slightly positive outlook.
The increase in price target from $248 to $252 by Morgan Stanley suggests a slightly positive outlook for American Express. Maintaining the Equal-Weight rating indicates that the stock is expected to perform in line with the market. This could lead to a modest positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100