American Express price target raised to $375 from $371 at Deutsche Bank

Deutsche Bank analyst Mark DeVries raised the firm’s price target on American Express (AXP) to $375 from $371 and keeps a Buy rating on the shares. The company reported a Q2 earnings beat on better than expected revenue, the analyst tells investors in a research note. The firm believes American Express’ higher expenses are in line with the “strong revenues” that remain within guidance.