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Jefferies Remains Sidelined as American Express (AXP) Cuts Guidance Following 4Q

January 22, 2016 7:48 AM EST

Jefferies maintained a Hold rating on American Express (NYSE: AXP), and cut the price target to $58.00 (from $70.00), following the company's 4Q earnings report. AXP reported adjusted EPS of $1.23 versus consensus of $1.12. AXP lowered guidance and now expects challenges to persist through 2017. Management now expects 2016... More