Truist, Banks Lift American Express Price Targets

Several major financial and consumer companies have seen their stock price targets and ratings updated by various analysts, indicating expectations of potential price appreciation. Morgan Stanley raised its target price for APA from $20 to $21 despite maintaining an underweight rating, while the consensus rating remains a hold with a target price around $25.58, following APA's strong quarterly earnings report beating estimates. Ralph Lauren's price target was increased by Bank of America to $328 with a buy rating, supported by better-than-expected quarterly earnings and several other firms also raising their targets and maintaining buy or overweight ratings. American Express's target price was raised by Truist Financial to $335 with a buy rating, accompanied by upgrades from other analysts, following solid quarterly earnings that surpassed estimates. Overall, these updates reflect positive earnings results and optimistic outlooks from analysts, although ratings vary from buy to hold, highlighting cautious but generally favorable market sentiment for these companies.