American Express Stock Plunges Over 4% Amid Dow Sell-Off; RBC Raises Price Target to $425

American Express (AXP) stock closed sharply lower on January 12, plunging 4.27% amid broad market pressure against payment processors.

• The stock closed at $359.59, making it one of the top losers in the Dow Jones Industrial Average.
• Counterbalancing the negative sentiment, RBC Capital raised its price target for AXP to $425 (up from $390), maintaining an Outperform rating despite the recent volatility.