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Truist lowers American Express price target but keeps "buy" rating, company reports strong Q4 earnings.
Truist Financial lowered its price target for American Express (AXP) to $315 but maintained a "buy" rating, suggesting a 24.96% potential upside.
Despite a "Hold" consensus and lower price target of $289.57, American Express reported strong Q4 earnings of $3.64 per share, beating estimates.
The company has a market cap of $170.49 billion and a forward P/E of 16.4x, appealing to some hedge funds as a low-cost investment.
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Truist baja el precio objetivo de American Express, pero mantiene la calificación de "comprar", la compañía informa fuertes ganancias del cuarto trimestre.