• Jeff Adelson from Morgan Stanley sets a price target of $252 for American Express (NYSE:AXP), indicating a potential downside of approximately -8.46%.
• American Express is set to become the sole owner of Swisscard as UBS sells its 50% stake, aiming to strengthen its position in the Swiss market.
• Despite the recent price target, AXP's current price is $271.81, with a market capitalization of approximately $193.23 billion, reflecting its significant presence in the financial sector.

On October 21, 2024, Jeff Adelson from Morgan Stanley set a price target of $252 for American Express (NYSE:AXP). At the time, the stock was trading at $275.29, indicating a potential downside of approximately -8.46%. American Express is a major player in the financial services industry, competing with companies like Visa and Mastercard.

American Express is set to become the sole owner of Swisscard, as UBS sells its 50% stake in the credit card provider. This strategic move aligns with UBS's plan to divest parts of the Credit Suisse business it acquired last year. The acquisition will allow American Express to strengthen its position in the Swiss market.

Despite the recent price target set by Morgan Stanley, AXP's current price is $271.81, reflecting a decrease of 1.80%. The stock has dropped by $4.99 today, with a trading range between $271.51 and $276.16. Over the past year, AXP has experienced a high of $286.36 and a low of $140.91.

American Express has a market capitalization of approximately $193.23 billion, indicating its significant presence in the financial sector. The trading volume for AXP today is 712,781 shares, showing active investor interest. The company's acquisition of Swisscard is expected to enhance its growth prospects in the European market.