Truist lowered the firm’s price target on American Express (AXP) to $315 from $340. The firm reduced its 2025 and 2026 EPS estimates for American Express to $15.25 and $17.50, respectively, citing heightened macroeconomic uncertainties that could put pressure on billed business and revenue growth. Truist keeps a Buy rating on the shares given its loyal high-earning core customer base and current under-valuation vs. long-term history.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AXP:
- American Express price target lowered to $240 from $272 at BTIG
- American Express price target raised to $250 from $246 at Morgan Stanley
- American Express: A Strong Buy with Growth Potential and Resilience
- American Express price target raised to $275 from $274 at BofA
- American Express: Hold Rating Amid Mixed Financial Performance and Macroeconomic Uncertainty
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue