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.
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