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American Express cut to Neutral by Baird after rally

Feb. 16, 2021 7:04 AM ETAmerican Express Company (AXP) StockAXPBy: Liz Kiesche, SA News Editor
  • Baird analyst David George cuts American Express (NYSE:AXP) to Neutral from Outperform after the credit card issuer's stock rallied in the wake of his March 2020 upgrade.
  • With the stock trading at ~14x Baird's 2022 EPS estimate and ~8.3x PPNR, George finds AXP

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