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Fly News Breaks for April 25, 2017
AXP
Apr 25, 2017 | 07:39 EDT
As previously reported, Guggenheim upgraded American Express to Buy from Neutral with a $90 price target. Analyst Eric Wasserstrom said Q1 results demonstrated improvement in operating trends, basic cards-in-force, and billed business, following a period of stagnation due to the Costco portfolio loss. The analyst said the company is positioned for improving revenue performance into 2018 and believes the company is beyond the negative revision cycle following the Costco portfolio sale.
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.
