Evercore ISI raised the firm’s price target on American Express to $255 from $243 and keeps an In Line rating on the shares. Coming out of the company’s Q1 report, and ahead of its investor day, the firm is “modestly raising” its 2024 and 2025 EPS estimates to $13.03 and 14.95 from $12.99 and 14.93, respectively, noting that its EPS revision reflects a more constructive view on net interest income and slightly higher discount revenue, partially offset by higher expenses.
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Read More on AXP:
- American Express price target raised to $175 from $167 at BMO Capital
- American Express price target raised to $260 from $240 at Deutsche Bank
- American Express price target raised to $253 from $250 at RBC Capital
- American Express price target raised to $226 from $222 at Morgan Stanley
- American Express price target raised to $225 from $221 at TD Cowen
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