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Fly News Breaks for April 27, 2015
AXP
Apr 27, 2015 | 07:35 EDT
Nomura downgraded American Express to Neutral citing lack of near-term catalysts and expectations shares will remains range-bound for the rest of 2015. The firm sees little upside to 2015 and 2016 estimates and lowered its price target to $82.
News For AXP From the Last 2 Days
AXP
Apr 24, 2024 | 08:36 EDT
AXP
Apr 24, 2024 | 06:31 EDT
Wells Fargo raised the firm's price target on American Express to $265 from $250 and keeps an Overweight rating on the shares. The firm sees a good case for management to express greater confidence in or lean to the upper end of the EPS or revenue guide for 2024. With the macro haze fading, Wells believes investors will come away with a greater appreciation of the competitive position and moat.
AXP
Apr 22, 2024 | 09:05 EDT
BMO Capital raised the firm's price target on American Express to $175 from $167 and keeps an Underperform rating on the shares. The firm cites the company's broad-based Q1 earnings beat, with higher than previously-modeled net interest income and slightly lower credit costs being partly offset by higher expected operating expenses. BMO adds however that it remains concerned that American Express's elevated loan restructuring rate could eventually bleed into higher credit provisions.
AXP
Apr 22, 2024 | 09:01 EDT
AXP
Apr 22, 2024 | 08:13 EDT
RBC Capital raised the firm's price target on American Express to $253 from $250 and keeps an Outperform rating on the shares. The company's Q1 results showed a "good quarter" with revenues that met expectations, controlled core expenses, and acceptable credit trends, the analyst tells investors in a research note. While spend volumes continued to moderate, American Express management remains confident on the near and longer term revenue trajectory, the firm added.
AXP
Apr 22, 2024 | 08:10 EDT
Morgan Stanley raised the firm's price target on American Express to $226 from $222 and keeps an Equal Weight rating on the shares following Q1 results that were better than expected, led by net interest income, credit, and expenses. The firm is taking forward EPS up 1%, noting that its 2024 estimate is now above the midpoint of management's EPS guidance at $13.02, though it maintains an Equal Weight rating, citing valuation.
