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. The company’s Q1 results and earnings call commentary make the firm “less confident” in its estimates, the analyst tells investors in a research note. BTIG is keeping its 2025 EPS outlook within Amex’s guidance of $15.00-$15.50 as the company can pull expense levers to hits its 2025 earnings targets, but it is also “increasingly wary” about 2026 and 2027 EPS for American Express, the firm adds.