div > div.group > p:first-child"> Analyst Betsy Graseck upgraded American Express to overweight from equal weight. Graseck also hiked her price target on the stock to $140 per share from $123, implying a 22.8% upside from Monday's close."We believe the strong revenue growth story at AXP remains intact," said Graseck, noting she expects revenue to grow by 8% in 2019 and 10% in 2020. That's up from 7% in both years.
American Express posted a mixed quarterly report earlier this month. The Dow Jones Industrial Average member reported adjusted earnings per share that were above expectations, but its overall revenue disappointed analysts.
Purr muh Bull sheet
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