Goldman Sachs Downgrades American Express (AXP) to Neutral, Sees Limted Upside

Article Related Articles (1) Stock Quotes (1) Comments (0)

Goldman Sachs downgraded American Express (NYSE: AXP) from Buy to Neutral while maintaining a price target of $65.00.

The firm sees limited upside to out-year estimates give a challenging revenue environment. Goldman said while being helped from fee initiatives growth and international expansion, these driver are already included in the consensus and upside to spend volumes seems unlikely near-term.

For an analyst ratings summary and ratings history on American Express click here. For more ratings news on American Express click here.

Shares of American Express closed at $61.24 yesterday, with a 52 week range of $48.82-$61.97.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• UPDATE: Bernstein Cuts BlackBerry (BBRY) to Underperform; Notes Weak BB10 Traction
• Goldman Sachs Downgrades Charles River Labs (CRL) to Sell; Sees 12% Downside
• Dream. Dare. Do…American Express Launches the #PassionProject

Create E-mail Alert Related Categories

Downgrades, Hot Downgrades

Related Entities

Goldman Sachs

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?