American Express (AXP) is downgraded to Market Perform at Wells Fargo, with the price target...

|About: American Express Company (AXP)|By:, SA News Editor

American Express (AXP) is downgraded to Market Perform at Wells Fargo, with the price target raised from $52-57 to $60-64. It's a strict valuation call, with Wells saying the current price of $59 and a price target of $60-64 doesn't warrant an Outperform. Shares -1% premarket.