Morgan Stanley raised the firm’s price target on American Express (AXP) to $310 from $305 and keeps an Equal Weight rating on the shares post the Q4 report. The firm says card spend exited 2024 “on the upswing” while the company’s new 2025 guidance for sales growth of 8%-10% was about in-line with investor expectations. This could move higher if the recent Q4 spend momentum continues, the analyst tells investors in a research note.
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