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American Express (AXP) Valuation Gap Presents an Opportunity - Bernstein
February 19, 2016 8:57 AM ESTBernstein analyst, Kevin St. Pierre, sees upside in shares of American Express (NYSE: AXP) as the gap between the forward P/E derived value and the sum of the parts value is greater than it has ever been in the past. Assuming the company can get back to a normalized growth rate, the company could appreciate to the $77 PT.
"On average and over time," AXP's relative multiple versus the... More
