Market Overview

Management At American Express Has A Plan To Tackle Its Competitive Pressures

Management At American Express Has A Plan To Tackle Its Competitive Pressures

KBW maintains its Market Perform rating on American Express Company (NYSE: AXP) after management, in meetings with the brokerage, displayed increased conviction that its strategy remains an optimal position.

"Overall, thematically the focus was on the long-term positioning for American Express in an increasingly competitive environment and whether or not the company can maintain or take share while achieving appropriate returns," analyst Sanjay Sakhrani wrote in a note.

Management wants to encourage growth using competitive advantages. These include:

  • Its closed-loop network.
  • Enhancing customer service and experience.
  • Providing more lending products to existing customers.

Related Link: MasterCard Slammed With $19 Billion Suit Stemming From Allegations Of Excessive Fees

"However, it was clear that this is a process that will take some time to play out and there is no real silver bullet," Sakhrani continued.

The analyst stated that the stock is cheap if it manages to grow sales in the mid-single digits or greater. However, he acknowledged there is some execution risk.

"We will be on the lookout for any evidence that tangible traction is being made to get more constructive on the shares," Sakhrani added.

The analyst has a price target of $74 on the stock, which is currently down 1.34 percent to $65.35.

Full ratings data available on Benzinga Pro.

Do you have ideas for articles/interviews you'd like to see more of on Benzinga? Please email with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!

Latest Ratings for AXP

Oct 2019MaintainsOverweight
Oct 2019MaintainsMarket Perform
Jul 2019MaintainsNeutral

View More Analyst Ratings for AXP
View the Latest Analyst Ratings

Posted-In: KBW Sanjay SakhraniAnalyst Color News Price Target Reiteration Analyst Ratings Movers


Related Articles (AXP)

View Comments and Join the Discussion!

Latest Ratings

TOLGoldman SachsInitiates Coverage On42.0
KBHGoldman SachsInitiates Coverage On36.0
YEXTSunTrust Robinson HumphreyMaintains28.0
LHCGSunTrust Robinson HumphreyMaintains160.0
DLRSunTrust Robinson HumphreyMaintains140.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
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.
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

Disney Shares Are On Track To Become The Largest Dow 30 Laggard

Recent Selloff Of Hanover Insurance Group Stock Presents Buying Opportunity