Citigroup Analyst Sees Limited Near-Term Upside For American Express Despite Positive Long-Term Outlook - Here's Why
CCiti(C) Benzinga·2024-06-12 02:45

Loading... Loading... Citigroup analyst Keith Horowitz initiated coverage on American Express Co AXP Monday with a Neutral rating and a price target of $250. American Express has the tenets of an attractive long-term core holding given the combination of an attractive business model in a growth market led by a strong management team, Horowitz said. But from a tactical perspective, the analyst did not see outsized near-term upside to warrant a Buy rating, as he noted that the valuation multiple has been set ...