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Joey Frenette

FOUND: This warren buffett stock is a deep value buy after its latest slide | Mind Blowing Facts

Warren Buffett American Express AXP Mastercard Piper Sandler RBC Visa

Credit card firm and Warren Buffett stock American Express Company (AXP) has been under growing pressure during the past few months, with shares slipping from $178 and change back in July to around $148, where it sits today. Altogether, the stock has shed around 30% from its all-time high around $195 per share, set back in early 2022. 

A notable Wall Street analyst, Kevin Barker from Piper Sandler, rang the alarm bell on AXP back in July over student loan payment resumptions, slashing his price target to $149 from $172. A very well-timed call, given his downgrade came close to the stock's summertime peak.

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