Argus raised the firm’s price target on American Express (AXP) to $350 from $305 and keeps a Buy rating on the shares. American Express’ Q4 earnings were helped by continued strength in its billed business, and the company’s “favorable” 2025 guidance is calling for revenue growth of 8%-10%, and EPS in a range of $15.00-$15.50, representing 14% growth from 2024 at the midpoint, the analyst tells investors in a research note. The company has competitive advantages with its closed-loop platform, in which it acts as merchant acquirer, merchant processor, issuer processor, and payment issuer, which is particularly true in the co-brand space, the firm says.
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