American Express price target lowered to $240 from $272 at BTIG

BTIG lowered the firm’s price target on American Express (AXP) to $240 from $272 and keeps a Sell rating on the shares following the Q1 report. The firm thinks the company can pull expense levers to hits its 2025 earnings targets, but is “increasingly wary” about its 2026 and 2027 earnings. BTIG is surprised American Express shares were not down more on the earnings print and call commentary. The analyst says it is not credible to keep guidance unchanged and is skeptical of Amex calling for improving metrics through the rest of 2025.