BTIG raised the firm’s price target on American Express (AXP) to $307 from $277 and keeps a Sell rating on the shares. American Express’s Q3 results were solid, but management commentary seemed as “not very bullish” considering the Q3 results and recent Platinum Card refresh, the analyst tells investors in a research note. There was confusion around Amex’s commentary of near-term EPS, the firm adds.
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