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KBW Sticks with $371 PT for American Express (AXP)

American Express Company (NYSE:AXP) is one of the best Goldman Sachs bank stocks. On September 19, KBW reiterated an Outperform rating on AXP, along with a price target of 371,attributingthecalltothenewfeaturesinthePlatinumcard.AccordingtoKBW,theimprovedperksmakethePlatinumcardsvaluepropositionstrongerthanthe371, attributing the call to the new features in the Platinum card. According to KBW, the improved perks make the Platinum card’s value proposition stronger than the 200 fee hike, reinforcing its premium status. The firm noted American Express Company (NYSE:AXP)’s collaborations with Lululemon, Uber, and Walmart also strengthen the ca ...