AMEX Partners Tencent
American Express is set to partner with Tencent Holdings to develop a way for users of Tencent’s online payments service to buy goods outside of China. Tencent Internet company faces competition from Alibaba and Baidu in processing online payments for consumers in China. American Express has a potential upside of 20.6% based on a current price of $47.87 and an average consensus analyst price target of $57.72.