American Express upgraded to Outperform with $400 target
JP Morgan upgraded American Express from Neutral to Outperform, citing the company’s affluent customer base as a shield from geopolitical crises.
The firm boosted the price target from $328 to $400, offering 13% upside.
American Express’ revenue is tied to a customer base that can weather inflationary pressure and higher energy prices, making it a relatively safe investment.