HSBC analyst Saul Martinez raised the firm’s price target on American Express (AXP) to $295 from $285 and keeps a Hold rating on the shares. The Q3 results in consumer finance should show improving credit quality with divergent loan and purchase volume trends, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AXP:
- Delta says on track to generate over $8B in remuneration from American Express
- Delta Air Lines says U.S. economy ‘remains on solid footing’
- American Express price target raised to $340 from $330 at UBS
- American Express price target raised to $355 from $343 at JPMorgan
- KLAR Stock: Why Are Analysts Turning Bullish on Klarna?