JPMorgan analyst Richard Shane lowered the firm’s price target on American Express (AXP) to $325 from $375 and keeps a Neutral rating on the shares. The firm adjusted targets in the consumer finance group as part of a Q1 earnings preview. The macroeconomic environment “remains volatile and unpredictable,” the analyst tells investors in a research note. JPMorgan says “selectivity remains paramount” in this environment.
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