BTIG raised the firm’s price target on American Express (AXP) to $272 from $270 and keeps a Sell rating on the shares. The firm notes that its cautious stance on consumer spending has already been reflected with the sub-prime consumer and moving up through the near-prime and prime consume, even though Amex has kept net write-off rates below 2019 levels through tighter levels of underwriting, the analyst tells investors in a research note. The company’s comps also get tougher later in 2025 as 2024 product refreshes are comped against, the firm added.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AXP:
- American Express price target raised to $360 from $350 at Keefe Bruyette
- American Express price target raised to $310 from $305 at Morgan Stanley
- American Express price target raised to $355 from $340 at Wells Fargo
- American Express price target raised to $326 from $316 at BofA
- American Express Reports Record 2024 Financial Performance