HSBC and BTIG cut American Express rating on valuation, slowing fundamentals

By Yahoo! Finance | Oct 8, 2024 at 07:01 AM EST

American Express (AXP) stock was downgraded by HSBC and BTIG due to concerns over valuation and slowing fundamentals, despite recognizing the company's strengths. HSBC lowered its rating to Hold from Buy, citing the stock's significant rally.

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