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>> AMERICAN EXPRESS Latest News

JAN 14, 2013 - Benzinga

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UPDATE: Goldman Sachs Downgrades American Express to Neutral on Limited Upside

Goldman Sachs downgraded American Express (NYSE: AXP) from Buy to Neutral and maintained a $65.00 price target. Goldman Sachs commented, "We downgrade AXP to Neutral from Buy; our price target remains $65. We see limited upside to out-year estimates (consensus of $4.75 in 2013E) without further expense cuts (beyond current restructuring).

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