Market Currents
American Express (AXP +1.3%) shares are higher as Barclays boosts its target price by $10 to...
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Wednesday, April 11, 2012, 2:23 PM ETAmerican Express (AXP +1.3%) shares are higher as Barclays boosts its target price by $10 to $70, ~23% above current levels. The firm thinks AXP will earn $1.03/share when it reports Q1 earnings next week, $0.03 above consensus, and says the market its underestimating AXP’s expense leverage and the feasibility of its 8% long-term revenue growth target.
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