Morgan Stanley Lowers Price Target for American Express Amid AI Acquisition
Morgan Stanley lowered its price target for American Express (AXP) to $385 from $395, citing increased macroeconomic uncertainty. American Express is acquiring Hyper, an AI expense management startup, to enhance automation tools for commercial clients. The acquisition is expected to close in Q2 2026.
Tickers: $AXP
Topics: Acquisition AI American Express Expense Management Hyper M&A Morgan Stanley Price Target