TD Cowen Lowers American Express (AXP) Price Target to $330

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TD Cowen lowered its price target for American Express (AXP) to $330 from $375, maintaining a Hold rating due to increased macroeconomic uncertainty and competition in auto lending. This adjustment follows a review of American Express’s consumer finance group, impacted by AI’s effect on employment and geopolitical tensions. American Express also announced a partnership with fashion label STAUD and previously saw Truist lower its price target to $360.

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