Market Overview

UPDATE: Jefferies Raises PT on American Express Ahead of Q2 Earnings

Share:

In a report published Monday, Jefferies analyst Daniel Furtado reiterated a Hold rating on American Express (NYSE: 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.

Latest Ratings for AXP

DateFirmActionFromTo
Mar 2020Morgan StanleyMaintainsOverweight
Mar 2020NomuraMaintainsBuy
Mar 2020JP MorganMaintainsNeutral

View More Analyst Ratings for AXP
View the Latest Analyst Ratings

 

Related Articles (AXP)

View Comments and Join the Discussion!

Posted-In: Daniel Furtado JefferiesAnalyst Color Price Target Analyst Ratings

Latest Ratings

StockFirmActionPT
RIGRF LaffertyMaintains5.0
NOVRF LaffertyMaintains13.0
WSCDA DavidsonMaintains19.0
ITTDA DavidsonReiterates70.0
NOWGoldman SachsMaintains376.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com