RBC Capital raised the firm’s price target on American Express (AXP) to $330 from $315 and keeps an Outperform rating on the shares as part of a Q4 earnings preview for the consumer finance group. The firm expects “steady fundamental results with seasonal tailwinds to loan growth and spending volumes.” After normalizing during 2023 and 2024, core trends for the sector have stabilized, and delinquency metrics are now tracking with typical seasonality, the analyst tells investors in a research note.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
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 $320 from $283 at UBS
- Venu Sports JV discontinued, Walgreens reports Q1 beat: Morning Buzz
- DOJ sues to block Global Business Travel’s proposed takeover of CWT Holdings
- U.S. sues to block AmEx Global Business Travel merger with CWT, Bloomberg says
- DAL Earnings: Delta Airlines Soars on Robust Q4 Earnings and Upbeat Outlook