Why American Express Stock Surged Today
American Express (NYSE: AXP) saw its share price rise today, as it was up 3.7% as of 12:20 p.m. ET on Friday. The primary catalyst on Friday for the credit card provider was favorable comments from a major stock market analyst. Morgan Stanley's Betsy Graseck reiterated her $188 per-share price target for the investment banking firm in a research note on Friday and maintained an overweight rating.