American Express price target lowered to $323 from $367 at Barclays

Barclays lowered the firm’s price target on American Express (AXP) to $323 from $367 and keeps an Equal Weight rating on the shares. The firm adjusted targets in the consumer finance group ahead of the Q1 reports. Sector valuations have pulled back to below historical averages due to a more uncertain macro environment, the analyst tells investors in a research note. Barclays finds positive risk/reward in its Overweight rated names.