Why Investors Were Eager to Climb Aboard American Express Today

Storied credit card giant American Express (NYSE: AXP) rode the express train to profit on Thursday. On news of several analyst price target increases, the company's stock zoomed almost 2% higher on the day. That was more than good enough to top the S&P 500 (SNPINDEX: ^GSPC), which slumped by nearly 0.1%.What helped was that not one, not two, but three analysts upped their fair value assessments of AmEx stock. The most substantial raiser was Jeff Adelson from prominent and influential investment bank Morgan Stanley. His new price target is $305 per share, a robust 21% higher than his previous tag of $252. This doesn't quite make him an AmEx bull, however, as he maintained his equal weight (read: hold) recommendation on the shares.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool