William Blair analyst Christopher Kennedy has maintained their bullish stance on AXP stock, giving a Buy rating yesterday.
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Christopher Kennedy’s rating is based on a combination of factors that highlight American Express’s strategic positioning and financial performance. The upcoming refresh of the Platinum Consumer and Business card programs is expected to strengthen American Express’s competitive edge in the premium card market. This move is part of a broader strategy to balance product investment with generating robust financial returns.
American Express’s shares are trading at a discount compared to the S&P 500, despite the company’s above-market growth in both revenue and earnings, as well as its industry-leading credit quality. The company’s return on equity has consistently outperformed the S&P 500 average since 2004. Additionally, American Express’s ability to attract new customers and increase member engagement through product refreshes is supported by its strong brand loyalty and adaptability to consumer preferences. These factors collectively justify a Buy rating for the stock.
In another report released yesterday, KBW also maintained a Buy rating on the stock with a $371.00 price target.
Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AXP in relation to earlier this year.