Wells Fargo Upgrades American Express (NYSE: AXP) to "Overweight"

Core Viewpoint - Wells Fargo has upgraded American Express to "Overweight" with an increased price target, reflecting confidence in the company's future performance [1][6] Company Performance - American Express's stock price has increased by 7.21%, indicating strong investor confidence and significant holdings by Berkshire Hathaway, which owns 21.8% of the company [2][6] - Over the past decade, American Express has delivered a total return of 228%, outperforming Coca-Cola's 55% and the S&P 500's 106% [3][6] Stock Details - The current stock price of American Express is $346.62, with a recent change of $23.50, marking a 7.27% increase [4][6] - The stock has experienced a trading range over the past year, with a high of $349.19 and a low of $220.43, indicating volatility and growth potential [4] Market Position - American Express has a market capitalization of approximately $241.21 billion and a trading volume of 6,398,578 shares, reflecting strong market presence and investor interest [5]