In a report published Monday, Jefferies analyst Daniel Furtado reiterated a Hold rating on American Express AXP, and raised the price target from $62.00 to $75.00.
In the report, Jefferies noted, “With limited avenues for top line growth, card stocks are mainly expense control and capital return stories at this point in the cycle. Heading into Q2 earnings, credit is likely to be a tailwind, with reserve releases probable. We see DFS & AXP the best positioned to surprise.”
American Express closed on Friday at $78.33.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in