American Express price target raised to $326 from $316 at BofA

BofA analyst Mihir Bhatia raised the firm’s price target on American Express (AXP) to $326 from $316 and keeps a Neutral rating on the shares. The stock traded down following an in-line Q4 report and initial 2025 outlook, which reflects the elevated expectation that had been embedded in the shares, the analyst tells investors in a research note. The firm sees limited multiple expansion potential for American Express.