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Bank of America Securities Sticks to Their Buy Rating for American Express (AXP)


Bank of America Securities Sticks to Their Buy Rating for American Express (AXP)

Bank of America Securities analyst Mihir Bhatia maintained a Buy rating on American Express today and set a price target of $358.00. The company's shares closed today at $327.26.

According to TipRanks, Bhatia is a 5-star analyst with an average return of 9.5% and a 66.52% success rate. Bhatia covers the Financial sector, focusing on stocks such as Synchrony Financial, American Express, and Rocket Companies.

In addition to Bank of America Securities, American Express also received a Buy from Truist Financial's Brian Foran in a report issued on September 12. However, today, TD Cowen maintained a Hold rating on American Express (NYSE: AXP).

The company has a one-year high of $332.46 and a one-year low of $220.43. Currently, American Express has an average volume of 2.65M.

Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AXP in relation to earlier this year. Earlier this month, Stephen Squeri, the Chairman & CEO of AXP sold 112,272.00 shares for a total of $37,033,681.32.

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