Barclays raised the firm’s price target on American Express to $216 from $184 and keeps an Overweight rating on the shares. The firm favors (SLM) in the consumer financial group, thinking it is the “cleanest name” into the print, and continues to like American Express (AXP) and OneMain Financial (OMF). However, it thinks setup into the Q4 prints may be more challenging given valuations are now closer to historical averages.
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