American Express posts profit beat amid resilient spending by younger customers
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American Express (AXP) cut to Underweight at Piper Sandler on student debt headwinds
July 24, 2023 9:06 AM EDTPiper Sandler analyst Kevin Barker downgraded American Express (NYSE: AXP) shares to Underweight from Neutral.
He also cut the price target to $149 from the prior $172 per share.
The changes come as Barker is increasingly concerned AXP will have difficulty hitting its targeted 10%+... More
