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9 Stocks Reach 52-Week Highs

NEW YORK ( TheStreet) -- Shares of these stocks hit 52-week highs on Wednesday: American Express (AXP - Get Report), Intel (INTC - Get Report), Lockheed Martin (LMT - Get Report), Mead Johnson (MJN - Get Report), Cirrus Logic (CRUS), Marsh & McLennan (MMC), BB&T (BBT), Tyco International (TYC) and LSI (LSI).

American Express

The credit card company passed the Federal Reserve's stress test and anticipates $4 billion in buybacks in 2012.

"Given excess capital generation, slower balance sheet growth, and a lack of significant acquisitions relative to current capital levels, we believe the repurchase authorization post the CCAR process will increase shareholder value," Guggenheim analysts wrote in a report Wednesday.

Shares of American Express hit a 52-week high of $56.28 on Wednesday. The stock's 52-week low of $41.30 was set on Oct. 4.

American Express has an estimated price-to-earnings ratio for next year of 11.87 times; the average among its peers is 11.97.

Seventeen of the 31 analysts who cover American Express rated it buy. Eleven analysts gave the stock a hold rating and three rated it sell.

TheStreet Ratings gives American Express an A+ grade with a buy rating and a $61.16 price target. The stock has risen 18.63% year to date.

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AXP $65.43 -0.62%
INTC $30.28 -2.67%
MJN $87.15 -0.88%
LMT $232.38 -0.15%
AAPL $93.74 -1.15%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

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