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2019-10-18 08:50:26
AXP
American Express
$119.17
1.76 (1.50%)
08:50
10/18/19
10/18
08:50
10/18/19
08:50
American Express sees FY provision growth of about 10%
American Express CFO doesn't see change in credit quality.
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AXPAmerican Express
$119.17
1.76 (1.50%)
07/10/19
WELS
07/10/19 NO CHANGETarget $140 WELS Outperform
American Express price target raised to $140 from $135 at Wells Fargo
Wells Fargo analyst Donald Fandetti raised his price target for American Express to $140 from $135 ahead of quarterly results as he expects "meet and beats" into earnings from the card networks and issuers, as the U.S. consumer data points he tracks are holding up well. The analyst reiterates an Outperform rating on the shares.
07/22/19
BMOC
07/22/19 NO CHANGETarget $119 BMOC Market Perform
American Express price target raised to $119 from $114 at BMO Capital
BMO Capital analyst James Fotheringham raised his price target on American Express to $119 and kept his Market Perform rating after its Q2 results that showed lower credit and operating costs being offset by lower net interest margins and volumes. The analyst believes that the company's earnings growth will remain pressured by falling merchant discount rates and rising customer engagement costs, having "stalled" at about about 10%-11%.
07/22/19
RBCM
07/22/19 NO CHANGETarget $125 RBCM Sector Perform
American Express price target raised to $125 from $120 at RBC Capital
RBC Capital analyst Jon Arfstrom raised his price target on American Express to $125 after its Q2 earnings beat, saying the quarter benefited from a lower than expected loan loss provision and seasonally stronger billings and loan growth. The analyst further notes that the company's credit trends were stable and fundamentals remain solid. Arfstrom keeps his Sector Perform rating, adding that the stock may be an attractive long-term holding for investors seeking a high quality core holding, but his near-term neutral view balances the positive outlook with a premium valuation.
09/17/19
MSCO
09/17/19 NO CHANGETarget $142 MSCO Overweight
Morgan Stanley says American Express dip an overreaction to monthly credit stats
Morgan Stanley analyst Betsy Graseck noted that American Express shares dipped a bit over 1% on Monday, which she said was due to an "overreaction" to the August master trust data that showed a slight uptick in charge-offs and a continued deceleration in loan growth. Her model changes prompted Graseck to lower her Q3 EPS forecast by 1c to $2.05, which she noted is still slightly above consensus. Graseck has an Overweight rating and $142 price target on AmEx shares.