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Fly News Breaks for January 16, 2020
AXP
Jan 16, 2020 | 16:33 EDT
William Blair analyst Robert Napoli reiterated an Outperform rating on American Express (AXP) after reviewing the company's monthly data and trends in retail sales. While he slightly lowered his above-consensus Q4, FY20, and FY21 estimates, he said that valuation for the stock is "attractive given outlook and relative metrics to S&P 500." Napoli added that while some investors seem concerned about 2020 guidance, he believes management is confident in its outlook for 8%-10% revenue growth and double-digit EPS growth in 2020.
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.
