TD Cowen Lowers American Express Price Target to $335.00

American Express (NYSE: AXP) saw its price target reduced by TD Cowen from $338.00 to $335.00 in a report issued on Tuesday, according to Benzinga. The firm maintained a "hold" rating on the stock, suggesting a potential upside of 9.61% from the company's previous close.

Other analysts have recently weighed in on American Express as well. President Capital increased its price target to $400.00 with a "buy" rating, while Goldman Sachs upped its target to $410.00, also recommending a "buy". DZ Bank upgraded the stock to a "buy" with a $375.00 target, but BTIG Research slashed its target to $230.00 and assigned a "sell" rating. Royal Bank of Canada downgraded the stock to a "hold".

Based on data from MarketBeat.com, American Express has a consensus "hold" rating with an average price target of $364.50. The stock traded up $1.60 during midday trading on Tuesday, reaching $305.62. The company has a market capitalization of $206.39 billion and reported strong earnings in its latest quarter, beating estimates by $0.12 per share.

Institutional investors have been active in adjusting their positions. Ridgewood Investments LLC increased its stake by 13.4%, while Baker Tilly Wealth Management LLC boosted its holdings by 112.6%. MassMutual Private Wealth & Trust FSB raised its stake by 388.2%. Overall, 84.33% of the stock is owned by institutional investors.