AXP price target lowered due to war risk

What happened: On April 9, Wells Fargo lowered its price target on American Express (AXP) to $415 from $425, citing war risk. Two days later, Morgan Stanley reduced its price recommendation to $385, reiterating an Equal Weight rating. Meanwhile, on April 10, TD Cowen lowered its price target on Exxon Mobil (XOM) due to war impact.

Market impact: The war in Ukraine is driving a repricing of risk in energy and financial stocks. Exxon Mobil, one of the world's largest integrated energy companies, and American Express, a leading global payments company, are both affected. The war's impact on energy prices and consumer spending is causing investors to reassess these companies' valuations.

What to watch next: American Express reports Q1 earnings on April 21. Investors will be looking for updates on consumer spending trends and the company's push into AI expense management. Additionally, Exxon Mobil's Q1 earnings on May 3 will provide insights into how the war is impacting energy prices and the company's operations. Lastly, geopolitical developments, particularly around the Ukraine-Russia conflict, will continue to influence these stocks.