Morgan Stanley Starts AmEx (AXP) at Overweight, $51 Target
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Morgan Stanley has initiated coverage on American Express (NYSE: AXP) with an Overweight rating and a $51 price target, saying that the company "should be one of the first card lenders to emerge from the credit downturn."
AmEx shares are trading higher amid the new equivalent of a Buy: the stock most recently traded at $41.71, up 1.9% from Friday's closing price.
To see all the analyst action on shares of AmEx, visit our Analyst Ratings page.
American Express Company, a payments and travel company, provides charge and credit payment card products, and travel-related services worldwide.
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