American Express price target raised to $370 from $358 at BofA

BofA raised the firm’s price target on American Express (AXP) to $370 from $358 and keeps a Buy rating on the shares following AmEx’s Q3 “beat-and-raise” print. The firm tweaked its FY25 and FY26 EPS estimates to account for stronger billings growth, somewhat offset by higher expenses, and applies a slightly higher multiple to its 2026 EPS estimate given stronger growth trends and a successful Platinum refresh, the analyst tells investors.