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Fly News Breaks for August 30, 2016
AXP
Aug 30, 2016 | 06:54 EDT
Citi analyst Donald Fandetti views can they hit guidance as the top investor question for American Express. Following an analysis, Fandetti believes the company can achieve its guidance in a "clean manner." The analyst, however, does not see much upside to the numbers. Even if guidance is met, American Express will some revenue growth improvement to drive meaningful multiple expansion, Fandetti tells investors in a research note. He keeps a Buy rating on the shares with a $70 price target.
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.
