American Express Price Target Cut by Truist Financial
American Express's (NYSE:AXP) stock price target has been cut by analysts at Truist Financial from $375.00 to $370.00, according to a recent research report.
The firm currently maintains a 'buy' rating on the payment services company's stock, which suggests a potential upside of 22.10% from its current price.
This is not an isolated view, as several other analysts have weighed in on AXP with varying opinions. JPMorgan Chase & Co. recently upgraded American Express from a 'neutral' rating to an 'overweight' rating and increased their price target for the company from $328.00 to $400.00.
On the other hand, Morgan Stanley reduced their target price on shares of American Express from $385.00 to $382.00 and set an 'equal weight' rating on the stock in a research note on July 27th.